Loading...
You are here:  Home  >  'prescriptive analytics'
Latest

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 […]

Read More →
Latest

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  /  1 Comment

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 […]

Read More →
Latest

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 […]

Read More →
Latest

Datawatch Acquires Data Science Platform Leader Angoss Software

By   /  February 1, 2018  /  BI / Data Science News, BI / Data Science News, Articles, & Education, Data Daily | Data News, Data Education, Education Resources For Use & Management of Data  /  No Comments

by Angela Guess According to a new press release, “Datawatch Corporation, the data intelligence provider with market leading enterprise data preparation, predictive analytics, and visualization solutions, today announced that it has acquired Angoss Software Corporation, a privately-held data science platform provider based in Toronto, Canada.  The acquisition will augment Datawatch’s Monarch data intelligence offering with […]

Read More →
Latest

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 […]

Read More →
Latest

Big Data Trends for 2018

By   /  November 28, 2017  /  BI / Data Science Articles, BI / Data Science News, Articles, & Education, Big Data Articles, Big Data News, Articles, & Education, Data Architecture Articles, Data Architecture 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 expansion of the Internet of Things (IoT) has added innumerable new sources of Big Data into the Data Management landscape and will be one of the major Big Data Trends in 2018 and beyond. Laptops, smart phones, sensors on machines, all generate huge amounts of data for the IoT. Organizations that are flexible enough […]

Read More →
Latest

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 […]

Read More →
Latest

Fundamentals of Predictive Analytics

By   /  October 5, 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

Predictive Analytics is a sub-filed of Data Analytics and Business Intelligence, which deals with an in-depth analysis of past events and forecasts of future events. This specialized branch of Data Analytics combines the power of Data Mining, Data Modeling, Artificial Intelligence, and Machine Learning to make probabilistic predictions of future events. So, Predictive Analytics (PA) relies […]

Read More →
Latest

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 […]

Read More →
Latest

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 […]

Read More →