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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 Business Intelligence?

By   /  November 13, 2017  /  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 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 […]

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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  /  No Comments

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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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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Automation, Prescriptive Analytics Highlight Quantzig’s List of Top Data Technology Trends

By   /  April 10, 2017  /  Big Data News, Big Data News, Articles, & Education, Data Daily | Data News, Data Education, Data Strategy News, Data Strategy News, Articles, & Education, Education Resources For Use & Management of Data  /  No Comments

by Angela Guess According to a recent press release, “As companies and individuals continue to embrace big data and data analytics, and as advanced analytics services become more commonplace, new tools and trends are emerging. Many of these new innovations involve machine learning, which also has the potential to improve existing data technologies and analytics […]

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DI&A Webinar: Descriptive, Prescriptive, and Predictive Analytics

By   /  March 6, 2017  /  BI / Data Science News, Articles, & Education, BI / Data Science Webinars, Conference and Webinar Communities, Data Education, Data Insights & Analytics Community, Data Insights & Analytics Webinars On Demand, Data Webinars | On Demand Presentations, Education Resources For Use & Management of Data, Webinar Communities For the Data Industry, Webinars  /  No Comments

  To view just the slides from this presentation, click HERE>> About the Webinar Data analysis can be divided into descriptive, prescriptive and predictive analytics. Descriptive analytics aims to help uncover valuable insight from the data being analyzed. Prescriptive analytics suggests conclusions or actions that may be taken based on the analysis. Predictive analytics focuses […]

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DI&A Slides: Descriptive, Prescriptive, and Predictive Analytics

By   /  March 6, 2017  /  BI / Data Science News, Articles, & Education, BI / Data Science Slide Presentations, Conference and Webinar Communities, Data Education, Data Insights & Analytics Community, Data Management Slide Presentations, Education Resources For Use & Management of Data, Webinar Communities For the Data Industry  /  No Comments

DI&A Slides: Descriptive, Prescriptive, and Predictive Analytics from DATAVERSITY To view the On Demand presentation, click HERE>> About the Webinar Data analysis can be divided into descriptive, prescriptive and predictive analytics. Descriptive analytics aims to help uncover valuable insight from the data being analyzed. Prescriptive analytics suggests conclusions or actions that may be taken based […]

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Mar 2 DI&A Webinar: Descriptive, Prescriptive, and Predictive Analytics

By   /  November 10, 2016  /  Uncategorized  /  No Comments

DATE: March 2, 2017 This webinar has passed. The recording is available On Demand. TIME: 2 PM Eastern / 11 AM Pacific PRICE: Free to all attendees About the Webinar Data analysis can be divided into descriptive, prescriptive and predictive analytics. Descriptive analytics aims to help uncover valuable insight from the data being analyzed. Prescriptive […]

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Advanced Analytics 101: Beyond Business Intelligence

By   /  September 8, 2016  /  BI / Data Science Blogs, BI / Data Science News, Articles, & Education, Big Data Articles, Big Data News, Articles, & Education, Data Articles | Data Science, Business Intelligence, & More, Data Education, Smart Data Articles, Smart Data News, Articles, & Education  /  No Comments

Trying to make sense of data is nothing new. Companies have been applying analytical methods since before the computer was invented. Once computers and storage became reasonably cheap and powerful, in the late 1980s, companies started using Business Intelligence (BI) software to try to find meaning in their data. Today’s Advanced Analytics go beyond the […]

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