CIO Business Intelligence

JUNE 7, 2022

More specifically: Descriptive analytics uses historical and current data from multiple sources to describe the present state, or a specified historical state, by identifying trends and patterns. Diagnostic analytics uses data (often generated via descriptive analytics) to discover the factors or reasons for past performance.

Data Analytics 135

Data Analytics Diagnostic Analytics Management Analytics 135

Smarten

APRIL 10, 2023

Leverage Enterprise Investments for Predictive Analytics and Gain Numerous Advantages! Gartner has predicted that, ‘predictive and prescriptive analytics will attract 40% of net new enterprise investment in the overall business intelligence and analytics market.’ Why the focus on predictive analytics?

Predictive Analytics 52

Predictive Analytics Predictive Modeling Analytics Prescriptive Analytics 52

Cloudera

JULY 18, 2018

Out-of-the-box advance analytics capabilities to eliminate 50-60% of costly ETL, data integration, visualization, and implementation. . Actionable healthcare analytics that allows organizations to conduct real-time “what if scenarios” against predictive models.

Machine Learning 51

Machine Learning Predictive Analytics Analytics Prescriptive Analytics 51

IBM Big Data Hub

SEPTEMBER 19, 2023

Having the right data strategy and data architecture is especially important for an organization that plans to use automation and AI for its data analytics. The types of data analytics Predictive analytics: Predictive analytics helps to identify trends, correlations and causation within one or more datasets.

Data Science 76

Data Science Data Analytics Prescriptive Analytics Analytics 76

BizAcuity

MARCH 8, 2019

Workforce Analytics in simple terms can be defined as an advanced set of software and methodology tools that measures, characterizes, and organizes sophisticated employee data and these tools helps in understanding the employee performance in a logical way. Workforce analytics in Event Industry – Its Relevancy in today’s HR environment.

Analytics 73

Analytics Prescriptive Analytics Cost-Benefit Metrics 73

Sisense

AUGUST 11, 2019

Typically, this involves using statistical analysis and predictive modeling to establish trends, figuring out why things are happening, and making an educated guess about how things will pan out in the future. BA primarily predicts what will happen in the future. What About “Business Intelligence”?

Business Intelligence 75

Business Intelligence Business Analytics Analytics OLAP 75

IBM Big Data Hub

JULY 6, 2023

One ride-hailing transportation company uses big data analytics to predict supply and demand, so they can have drivers at the most popular locations in real time. An e-commerce conglomeration uses predictive analytics in its recommendation engine.

Machine Learning 54

Machine Learning Data Science Statistics Deep Learning 54

Smarten

SEPTEMBER 9, 2024

Gartner defines a citizen data scientist as, ‘ a person who creates or generates models that leverage predictive or prescriptive analytics, but whose primary job function is outside of the field of statistics and analytics.’ So, let’s get started. What is a Cititzen Data Scientist? Who is a Citizen Data Scientist?

Consulting 52

Consulting Cost-Benefit Data Science Business Intelligence 52

Jet Global

MAY 1, 2023

Diagnostic Analytics: No longer just describing. Predictive Analytics: If x, then y (e.g., Prescriptive Analytics: Here’s what to do to achieve a desired outcome (e.g., In the same way, embedded analytics lean towards descriptive and diagnostic. Interest in predictive analytics continues to grow.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52

CIO Business Intelligence

DECEMBER 19, 2024

As organizations struggle with the increasing volume, velocity, and complexity of data, having a comprehensive analytics and BI platform offers real solutions that address key challenges, such as data management and governance, predictive and prescriptive analytics, and democratization of insights.

Sales 122

Sales Analytics Key Performance Indicator Prescriptive Analytics 122

Smarten

MARCH 20, 2025

In 2016, the technology research firm, Gartner, coined the term Citizen Data Scientist, and defined it as a person who creates or generates models that leverage predictive or prescriptive analytics, but whose primary job function is outside of the field of statistics and analytics.

Prescriptive Analytics 64

Prescriptive Analytics Advertising Data-driven Statistics 64

CIO Business Intelligence

MAY 6, 2025

Predictive analytics: Turning insight into foresight Predictive analytics uses historical data and statistical models or machine learning algorithms to answer the question, What is likely to happen? This is where analytics begins to proactively impact decision-making. Its a symptom of needing one.

Prescriptive Analytics 59

Prescriptive Analytics Predictive Analytics Descriptive Analytics ROI 59