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

BizAcuity

AUGUST 26, 2019

This is what makes the casino industry a great use case for prescriptive analytics technologies and applications. The need for prescriptive analytics. Prescriptive analytics is the area of business analytics (BA) dedicated to finding the best course of action for a given situation.

Prescriptive Analytics 40

Prescriptive Analytics Analytics Descriptive Analytics Predictive Analytics 40

Smart Data Collective

OCTOBER 13, 2021

Predictive analytics is an area of big data analysis that facilitates the identification of trends, exceptions and clusters of events, and all this allows forecasting future trends that affect the business. Prescriptive analytics. In forecasting future events.

Visualization 145

Visualization Cost-Benefit Big Data Prescriptive Analytics 145

Rocket-Powered Data Science

MARCH 10, 2020

Incorporating context into the graph (as nodes and as edges) can thus yield impressive predictive analytics and prescriptive analytics capabilities. Context may include time, location, related events, nearby entities, and more.

Metadata 250

Metadata Machine Learning Prescriptive Analytics ROI 250

Cloudera

JULY 18, 2018

The combined solution is the right starting point for introducing machine learning and AI into clinical workflow and care delivery, enabling enterprises to take advantage of complete descriptive, predictive, and prescriptive analytic capabilities. Author: Ryan Swenson, Global Leader, Cloudera Healthcare and Life Sciences.

Machine Learning 51

Machine Learning Predictive Analytics Analytics Prescriptive Analytics 51

Jedox

JANUARY 29, 2019

In today’s organizations, the role of financial controlling or FP&A is not only to provide financial insights so business partners can make better decisions, but it is also to lead the way towards a more mature use of analytics technology including predictive analytics for sales forecasting. Making AI Real (Part 2).

Predictive Analytics 41

Predictive Analytics Forecasting Sales Analytics 41

CIO Business Intelligence

NOVEMBER 14, 2022

This data visualization and analytics software helps users create dashboards and power predictive applications and real-time analytics applications. Briq is a predictive analytics and automation platform built specifically for general contractors and subcontractors in construction. Analytics, Data Science

Data mining 144

Data mining Data-driven Statistics OLAP 144

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

FineReport

MARCH 2, 2021

By contrast, analytics follows a pull approach , where analysts pull out the data they need to answer specific business questions. Predictive analytics (answer what will happen in the future?) Prescriptive analytics (answer what are optimal next steps?).

Reporting 98

Reporting Analytics Key Performance Indicator Prescriptive Analytics 98

IBM Big Data Hub

JULY 27, 2022

The AIOps engine is focused on addressing four key things: Descriptive analytics to show what happened in an environment. Predictive analytics to show what will happen next. Prescriptive analytics to show how to achieve or prevent the prediction. Diagnostics to show why it happened.

Prescriptive Analytics 93

Prescriptive Analytics Descriptive Analytics Data-driven Cost-Benefit 93

Sisense

JUNE 30, 2020

The simplest type, descriptive analytics , describes something that has already happened and suggests its root causes. Predictive analytics is the most beneficial, but arguably the most complex type. Predictive analytics is the most beneficial, but arguably the most complex type.

Visualization 93

Visualization Analytics Dashboards Data-driven 93

CIO Business Intelligence

FEBRUARY 16, 2023

The next goal, with the aid of partner Findability Sciences, will be to build out ML and AI pipelines into an information delivery layer that can support predictive and prescriptive analytics. “As Analytics, Artificial Intelligence, Data Management, Predictive Analytics

Unstructured Data 105

Unstructured Data Data Lake Prescriptive Analytics Data Warehouse 105

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

BizAcuity

MARCH 31, 2022

Predictive Analytics: Predictive analytics is the most talked about topic of the decade in the field of data science. The aim of predictive analytics is, as the name suggests, to predict and forecast outcomes. Prescriptive Analytics: Prescriptive analytics is the most complex form of analytics.

Data Analytics 52

Data Analytics Analytics Prescriptive Analytics Predictive Analytics 52

Smarten

JUNE 2, 2017

From reporting to visualised dashboard to predictive analytics. We know that by designing self-learning programs, we are in a position to provide prescriptive analytics. Some prescriptive analytics based on known parameters were always a part of ERP or BI offering. This was early predictive or was it?

Business Intelligence 40

Business Intelligence Visualization Prescriptive Analytics Predictive Analytics 40

AWS Big Data

MARCH 26, 2024

Plan on how you can enable your teams to use ML to move from descriptive to prescriptive analytics. Amazon Redshift offers real-time insights and predictive analytics capabilities for analyzing data from terabytes to petabytes. Learn from this to build querying capabilities across your data lake and the data warehouse.

Data Strategy 96

Data Strategy Strategy Data Warehouse Prescriptive Analytics 96

Jedox

JULY 31, 2018

Now, we will take a deeper look into AI, Machine learning and other trending technologies and the evolution of data analytics from descriptive to prescriptive. Analytic Evolution in Enterprise Performance Management. Advanced analytics responds to next-generation requirements. This is known as prescriptive analytics.

Technology 44

Technology Prescriptive Analytics Machine Learning Business Intelligence 44

Sisense

AUGUST 11, 2019

BI lets you apply chosen metrics to potentially huge, unstructured datasets, and covers querying, data mining , online analytical processing ( OLAP ), and reporting as well as business performance monitoring, predictive and prescriptive analytics.

Business Intelligence 75

Business Intelligence Business Analytics Analytics OLAP 75

Cloudera

MARCH 2, 2018

Applying data analytics and machine learning to large raw datasets will likely also yield us new and unexpected insights as these techniques and tools allow us to unearth patterns and seek potential explanations for those in contrast to responding to a predefined set of questions.

Data-driven 43

Data-driven Prescriptive Analytics Machine Learning Descriptive Analytics 43

Sisense

SEPTEMBER 12, 2019

With a goal of getting to the end of the chart with predictive and prescriptive analytics, you can ask questions like: Are we going to hit our targets by the end of the year? Do you want to be more efficient? Find a bottleneck in R&D? Share knowledge with customers? Add value to your solution? .

Strategy 81

Strategy Dashboards Diagnostic Analytics Prescriptive Analytics 81

Sisense

OCTOBER 27, 2020

Strategic analytics. Predictive analytics are the next step in your HR analytics journey. However, in order to truly digitally evolve, every company needs to start infusing data and analytics throughout the organization to streamline processes and decision-making.

People Analytics 74

People Analytics Analytics Cost-Benefit Key Performance Indicator 74

Domino Data Lab

JUNE 2, 2019

Working through distinctions of descriptive analytics , predictive analytics , and prescriptive analytics , Chris recounted several stories about how managers had requested one kind of deliverable from the data science while needing something entirely different.

Data Science 110

Data Science Data-driven Machine Learning Modeling 110

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

Alation

MARCH 21, 2023

How is data analytics used in the travel industry? The travel and tourism industry can use predictive, descriptive, and prescriptive analytics to make data-driven decisions that ultimately enhance revenue, mitigate risk, and increase efficiencies.

Data Analytics 52

Data Analytics Analytics Data-driven Big Data 52

FineReport

APRIL 26, 2023

.” This type of Analytics includes traditional query and reporting settings with scorecards and dashboards. Predictive Analytics assesses the probability of a specific occurrence in the future, such as early warning systems, fraud detection, preventative maintenance applications, and forecasting.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

FineReport

MARCH 24, 2024

Data analysts leverage four key types of analytics in their work: Prescriptive analytics: Advising on optimal actions in specific scenarios. Diagnostic analytics: Uncovering the reasons behind specific occurrences through pattern analysis. Descriptive analytics: Assessing historical trends, such as sales and revenue.

Statistics 52

Statistics Data mining Visualization Reporting 52

DataRobot Blog

NOVEMBER 12, 2019

by Jen Underwood. Why didn’t I think of that? Sometimes we get caught up in our day-to-day lives and don’t stop to see if we are solving the right, bigger picture problems. Read More.

Optimization 61

Optimization Prescriptive Analytics Predictive Analytics Machine Learning 61

datapine

NOVEMBER 27, 2019

However, businesses today want to go further and predictive analytics is another trend to be closely monitored. 4) Predictive And Prescriptive Analytics Tools. Business analytics of tomorrow is focused on the future and tries to answer the questions: what will happen? How can we make it happen?

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

datapine

DECEMBER 4, 2019

Predictive & Prescriptive Analytics. Predictive Analytics: What could happen? We mentioned predictive analytics in our business intelligence trends article and we will stress it here as well since we find it extremely important for 2020. Prescriptive Analytics: What should we do?

Business Intelligence 212

Business Intelligence Prescriptive Analytics Analytics Predictive Analytics 212

Rocket-Powered Data Science

OCTOBER 6, 2023

Decades (at least) of business analytics writings have focused on the power, perspicacity, value, and validity in deploying predictive and prescriptive analytics for business forecasting and optimization, respectively. How do predictive and prescriptive analytics fit into this statistical framework?

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Statistics 157

Smarten

JULY 30, 2024

‘Giving your team access to sophisticated, complex analytical techniques in an intuitive environment, allows them to leverage predictive analytics without a data scientist or analytical background.’ That’s why your business needs predictive analytics. And, not just any predictive analytics!

Predictive Analytics 64

Predictive Analytics Prescriptive Analytics Predictive Modeling Analytics 64

Smarten

SEPTEMBER 9, 2024

‘To fulfill the role of a Citizen Data Scientist, business users today can leverage augmented analytics solutions; that is analytics that provide simple recommendations and suggestions to help users easily choose visualization and predictive analytics techniques from within the analytical tool without the need for expert analytical skills.’

Prescriptive Analytics 52

Prescriptive Analytics Predictive Analytics Data-driven Business Intelligence 52

Andrew White

JANUARY 11, 2021

On end user clients calls, are you hearing a greater focus on use cases and greater need for prescriptive analytics, ex marketing analytics, sales analytics, healthcare, etc. Yes, prescriptive and predictive analytics remain very popular with clients. where performance and data quality is imperative?

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Smarten

APRIL 11, 2018

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.’ What is a Citizen Data Scientist (Citizen Analyst)?

Analytics 40

Analytics Prescriptive Analytics Business Intelligence ROI 40

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., Prescriptive Analytics: Here’s what to do to achieve a desired outcome (e.g., Interest in predictive analytics continues to grow.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52