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What is business analytics? Using data to improve business outcomes

CIO Business Intelligence

What is business analytics? Business analytics is the practical application of statistical analysis and technologies on business data to identify and anticipate trends and predict business outcomes. What is the difference between business analytics and business intelligence? Prescriptive analytics: What do we need to do?

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What is data analytics? Analyzing and managing data for decisions

CIO Business Intelligence

The chief aim of data analytics is to apply statistical analysis and technologies on data to find trends and solve problems. Data analytics has become increasingly important in the enterprise as a means for analyzing and shaping business processes and improving decision-making and business results.

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Data Visualization and Visual Analytics: Seeing the World of Data

Sisense

In a world increasingly dominated by data, users of all kinds are gathering, managing, visualizing, and analyzing data in a wide variety of ways. Data visualization and visual analytics are two terms that come up a lot when new and experienced analytics users alike delve into the world of data in their quest to make smarter decisions.

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What are decision support systems? Sifting data for better business decisions

CIO Business Intelligence

They generally leverage simple statistical and analytical tools, but Power notes that some OLAP systems that allow complex analysis of data may be classified as hybrid DSS systems. Commonly used models include: Statistical models. It features support for creating and visualizing decision tree–driven customer interaction flows.

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What is the Future of Business Intelligence in the Coming Year?

Smart Data Collective

Prescriptive Analytics. In the future of business intelligence, eliminating waste will be easier thanks to better statistics, timely reporting on defects and improved forecasts. Today, Microsoft’s Power BI leads the market of BI-a-a-S, being an excellent tool for data collection, analyzing and visualization.

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Data science vs data analytics: Unpacking the differences

IBM Big Data Hub

Though you may encounter the terms “data science” and “data analytics” being used interchangeably in conversations or online, they refer to two distinctly different concepts. Data science is an area of expertise that combines many disciplines such as mathematics, computer science, software engineering and statistics.

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Big Data Skill sets that Software Developers will Need in 2020

Smart Data Collective

They can use predictive, descriptive and prescriptive analytics to help CSCOs turn metrics into insights for better decision-making. Statistics, qualitative analysis and quant are some of the backbones of big data. Software developers will also want to take classes in data visualization and data mining. Apache Spark.