Everything Data Analytics

[ Eps. 08] Types Of Big Data Analytics


Listen Later

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/

Join Our Social Networks: 

Youtube: https://www.youtube.com/Cubeware

LinkedIn: https://www.linkedin.com/company/cubeware-gmbh 

Facebook: https://www.facebook.com/cubeware.gmbh 

Twitter: https://twitter.com/Cubeware 

Instagram: https://www.instagram.com/cubeware.gmbh/

#BusinessIntelligence #DataAnalytics #AdvancedDataAnalytics #Cubeware

Related Topics:

levels of analytics types of analytics, business analytics types analytics tutorial analytics video, analytics basics descriptive analytics, predictive analytics prescriptive analytics diagnostic analytics, analytics types basics of analytics, Analytics Data Science Data Visualization Business Analytics analytics, data analysis business analytics data science stages of analytics data analytics big data machine learning Analytics For Beginners, Types Of Analytics

...more
View all episodesView all episodes
Download on the App Store

Everything Data AnalyticsBy Cubeware

  • 5
  • 5
  • 5
  • 5
  • 5

5

2 ratings


More shows like Everything Data Analytics

View all
The Analytics Power Hour by Michael Helbling, Moe Kiss, Tim Wilson, Val Kroll, and Julie Hoyer

The Analytics Power Hour

163 Listeners

Data Engineering Podcast by Tobias Macey

Data Engineering Podcast

142 Listeners

The Daily by The New York Times

The Daily

111,658 Listeners

Secrets of Data Analytics Leaders by Eckerson Group

Secrets of Data Analytics Leaders

28 Listeners

DataFramed by DataCamp

DataFramed

267 Listeners

On Purpose with Jay Shetty by iHeartPodcasts

On Purpose with Jay Shetty

26,491 Listeners

Best data analytics training online by Edazon technologies

Best data analytics training online

1 Listeners

Making Data Simple by IBM Big Data & Analytics Hub

Making Data Simple

8 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

8,649 Listeners

The Data Chief by ThoughtSpot

The Data Chief

72 Listeners

Hard Fork by The New York Times

Hard Fork

5,364 Listeners

Data Career Podcast: Helping You Land a Data Analyst Job FAST by Avery Smith - Data Career Coach

Data Career Podcast: Helping You Land a Data Analyst Job FAST

146 Listeners

Data Analytics with Matthew Bernath by Rand Merchant Bank

Data Analytics with Matthew Bernath

0 Listeners

Women in Big Data Podcast: Career, Big Data & Analytics Insights by Desiree Timmermans

Women in Big Data Podcast: Career, Big Data & Analytics Insights

0 Listeners

Business Analysis Live! by International Institute of Business Analysis (IIBA)

Business Analysis Live!

4 Listeners