Business Analytics.

Business Analytics.

1. Combination

   • skills, technologies and practices
     • Determine
       • which data sets are useful and which can increase revenue.
       • smarter business decisions based on data.
       • data into useful information, identify and anticipate trends and results.

2. Scorecard

   • *Data Aggregation *Data Mining *Text mining *Predictive analytics *Optimization *Data visualization

3. Type

   • DESCRIPTIVE ANALYSIS
     • This is the interpretation of historical data and KPIs to identify trends and patterns.
   • DIAGNOSTIC ANALYSIS
     • Focuses on the company's past performance to determine what elements influence specific trends.
   • PREDICTIVE ANALYTICS
     • Uses statistics to predict and evaluate future results using statistical models and Machine Learning techniques.
   • PRESCRIPTIVE ANALYTICS
     • This type of analysis uses performance data to recommend how to handle similar situations in the future.