Business Analytics

The goal of business intelligence is to use data to answer questions and drive decision making.

Analytics is all about finding meaningful patterns in data and extrapolating key insights.

Analytics performed using technology is often based around statistical modeling.

Businesses typically use three types of analytics depending on what kinds of questions they’re asking:

  • Descriptive Analytics
  • Predictive Analytics
  • Prescriptive Analytics

 

Related Articles:

https://www.betterbuys.com/bi/definitive-guide-bi/analysis/