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All Aboard the Prescriptive Analytics Express

By   /  September 21, 2018  /  BI / Data Science Blogs, BI / Data Science News, Articles, & Education, Data Blogs | Information From Enterprise Leaders, Data Education, Enterprise Information Management, Information Management Blogs  /  No Comments

Click to learn more about author Joe deBuzna. Racing down the tracks with the equivalent of 170 Boeing 747s in tow, the 440,000 pound (200,000kg) next-generation locomotive is about to break. Some of the hundreds of sensors pulling in over 150,000 data points per minute show one of the train’s two turbochargers (yes, some trains have turbochargers) is starting […]

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Embracing AI: Why Artificial Intelligence is the Next Evolution in Analytics

By   /  May 25, 2018  /  BI / Data Science Blogs, BI / Data Science News, Articles, & Education, Data Blogs | Information From Enterprise Leaders, Data Education, Smart Data Blogs, Smart Data News, Articles, & Education  /  No Comments

Click to learn more about author Kimberly Nevala. Descriptive. Predictive. Prescriptive. Perceptive? Artificial Intelligence (AI) provides exciting new opportunities for exploiting data and information. But is AI a revolution or natural evolution of existing BI/Analytics use cases?  Certainly some of the core techniques that power AI (advanced Machine Learning and Deep Learning in particular) represent […]

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Data Science vs. Business Intelligence

By   /  March 13, 2018  /  BI / Data Science Articles, BI / Data Science News, Articles, & Education, Big Data Articles, Big Data News, Articles, & Education, Data Articles | Data Science, Business Intelligence, & More, Data Education, Education Resources For Use & Management of Data, Smart Data Articles, Smart Data News, Articles, & Education  /  No Comments

The growth of Data Science in today’s modern data-driven world had to happen when it did. If one really takes a careful look at the growth of Data Analysis over the years, without Data Science, traditional (descriptive) Business Intelligence (BI) would have remained primarily a static performance reporter within current business operations. With the rising […]

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What is Analytics?

By   /  February 19, 2018  /  BI / Data Science News, Articles, & Education, Data Education, What is...?  /  No Comments

Analytics, is described as: “[An] encompassing and multidimensional field that uses mathematics, statistics, predictive modeling and machine-learning techniques to find meaningful patterns and knowledge in recorded data.” Analytics uses the scientific method where an analyst makes hypotheses and uses the Analytics Tools to test their premises. Analytics is often broken down into three components: Descriptive […]

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What is Business Intelligence?

By   /  January 22, 2018  /  BI / Data Science News, Articles, & Education, Data Education, What is...?  /  No Comments

Business Intelligence (BI) includes the technologies and tools used to analyze and report on different business operations. Business Intelligence uses raw data stored in varying Data Warehouses, Data Marts, Data Lakes, and other storage platforms, and transforms it into actionable knowledge/information assets. Such elements include dashboards, spreadsheets, data visualizations, reports, and many others. “In its […]

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Fundamentals of Prescriptive Analytics

By   /  November 14, 2017  /  BI / Data Science Articles, BI / Data Science News, Articles, & Education, Big Data Articles, Big Data News, Articles, & Education, Data Articles | Data Science, Business Intelligence, & More, Data Education, Education Resources For Use & Management of Data  /  No Comments

Prescriptive Analytics seeks to find the best course of action, based on past records, for the future. In a way, Prescriptive Analytics combines elements from both Descriptive Analytics and Predictive Analytics to arrive at actual solutions. The increased preoccupation with everything “data” was a natural outcome of the mainstreaming of the theory of probability, which had hitherto […]

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What is Descriptive Analytics?

By   /  October 14, 2017  /  BI / Data Science News, Articles, & Education, Information Management Articles, What is...?  /  No Comments

Descriptive Analytics, or Business Intelligence, uses historical information to answer the question “What Happened?” Think of it as a rear-view mirror into business performance or a summary view of facts and figures in an understandable format to either inform or prepare data for further analysis. Observations, case studies, and surveys form the basis of Descriptive Analytics. Descriptive […]

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A Brief History of Business Intelligence

By   /  September 14, 2017  /  BI / Data Science Articles, BI / Data Science News, Articles, & Education, Big Data Articles, Big Data News, Articles, & Education, Data Articles | Data Science, Business Intelligence, & More, Data Education, Education Resources For Use & Management of Data, Enterprise Information Management, Information Management Articles  /  1 Comment

In 1865, Richard Millar Devens presented the phrase “Business Intelligence” (BI) in the Cyclopædia of Commercial and Business Anecdotes. He was using it to describe how Sir Henry Furnese, a banker, profited from information by gathering and acting on it before his competition. More recently, in 1958, an article was written by an IBM computer […]

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What is Prescriptive Analytics?

By   /  August 26, 2017  /  BI / Data Science News, Articles, & Education, Data Articles | Data Science, Business Intelligence, & More, Data Education, Enterprise Information Management, What is...?  /  No Comments

Prescriptive Analytics uses outcomes and scenarios to answer the question “What should we do to make things happen?” It takes Predictive Analytics a step further to define actions that will affect outcomes, rather than just predicting the outcomes from actions that have occurred. Prescriptive Analytics shows the implication of various decisions to anticipate what, when, […]

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Fundamentals of Descriptive Analytics

By   /  July 6, 2017  /  BI / Data Science Articles, BI / Data Science News, Articles, & Education, Big Data Articles, Big Data News, Articles, & Education, Data Articles | Data Science, Business Intelligence, & More, Data Education, Education Resources For Use & Management of Data, Smart Data Articles, Smart Data News, Articles, & Education  /  No Comments

Descriptive Analytics, the conventional form of Business Intelligence and data analysis, seeks to provide a depiction or “summary view” of facts and figures in an understandable format, to either inform or prepare data for further analysis. It uses two primary techniques, namely data aggregation and data mining to report past events. It presents past data […]

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