Everything Data Analytics24 Syys 2020

[ Eps. 08] Types Of Big Data Analytics

Convert raw data into profitable business decisions.

Your business most certainly has a mine of under-utilized data. Now imagine having all that data organized and archived in a simple presentable format, couple that with smart computing and you have everything you need to make calculated and informed business decisions.

There are four types of data analytics systems that being used in business.

1. Descriptive Analysis, Diagnostic Analysis, Predictive Analysis and Prescriptive Analysis. Descriptive data analysis looks at past data and allows us to see changes affecting a business

2. Diagnostic data analysis aims to determine why something happened. Once your descriptive analysis highlights change in a business, diagnostic analysis can be used to decipher the cause of that change.

3. Predictive data analysis predicts likely future scenarios. In this type of analysis, trends are derived from past data, which are then used to predict the outcome of business decisions.

4.Prescriptive data analysis combines the information found from the previous 3 types of data analysis and forms a plan of action for the organization to face issues or decisions.

For more info on how Advanced Data Analytics Tool help businesses around the world, visit: https://cubeware.com/

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Jaksot(29)

[ Eps. 29 ] ETL (Extract, Transform, Load) Series: How Does the ETL Process Work?

Before any fruit and vegetables are sold in supermarkets, they are first harvested from various farms and orchards. Then, they are sorted into their respective categories, cleaned to remove any bacter...

13 Loka 20223min

[ Eps. 28 ] What is Data Quality?

In the food industry, quality control ensures that the meat, bread, and other edible items reaching you are of the best quality. Companies use various ways to manage this, from developing fixed produc...

11 Elo 20225min

[ Eps. 27 ] ETL (Extract, Transform, Load) Series: What is ETL?

ETL is defined as a method or process of extracting, transforming, and loading raw data from various sources into a single and centralized location. These can be data warehouses or other centralized d...

21 Heinä 20223min

[ Eps. 26 ] A Success Story: The Future of Data Reporting

What do you do when you outgrow your reporting system? Meet Farmer X. They’re a manufacturer and distributor of organic foods. However, over the last decade, Farmer X experienced a huge sales growth ...

9 Kesä 20223min

[ Eps. 25 ] Everything You Need to Know About Dark Data

What do people mean when they refer to Dark Data? And how is Dark Data different from regular data? Almost everything we do involves data —we’re either generating it or receiving it, whether we’re aw...

9 Kesä 20226min

[ Eps. 24 ] What Are the Benefits of Prescriptive Analytics?

In our two previous videos, we discussed what Prescriptive Analytics is, how it works, and what its examples look like. To check them out, [What is Prescriptive Analytics?: Part 1] https://youtu.be/...

3 Maalis 20224min

[ Eps. 23 ] What Are Examples of Prescriptive Analytics?

Prescriptive Analytics is a type of data analytics that recommends a course of action users should take in order to achieve a desired outcome or goal. It comes after the stages of descriptive and pred...

18 Helmi 20224min