Data and analytics is the management of data for all uses and the analysis of data to drive business processes and improve business outcomes through more effective decision making and enhanced customer experiences. Four Types of data analytics: 1. Predictive data analysis Predictive analytics may be the most commonly used category of data analytics. Businesses use predictive analytics to identify trends, connections between data, and relationship between data. 2. Prescriptive data analytics Prescriptive analytics is where AI and big data combine to help predict outcomes and identify what actions to take. Prescriptive analytics can help answer questions such as “What if we try this?” and “What is the best action?” You can test the correct variables and even suggest new variables that offer a higher chance of generating a positive outcome. 3. Diagnostic data analyti...
We will either find a way, or make one.