Descriptive Models
Statistical Insights for Competitive Advantage
Understanding Organizational Analytics
Support Business Development
Intelligence
Using Analysis for Planning
Performances
Support Continuous Improvement
Support Change Management with Analytics 
Types of Analytics There are three primary types of analytics that can be leveraged in change management:
Descriptive Analytics: Involves analyzing historical data to understand what has happened in the past
...Predictive Analytics: Uses statistical
models and machine learning techniques to forecast future outcomes based on historical data
...
Statistical Insights for Competitive Advantage Statistical Method Description Application
Descriptive Statistics Summarizes and describes the main features of a dataset
...Continuously Monitor and Adapt: Regularly review statistical
models and adjust strategies based on new data and insights
...
Understanding Organizational Analytics categorized into three main types: Type Description Example Applications
Descriptive Analytics Analyzes historical data to understand trends and patterns
...Predictive Analytics Uses statistical
models and machine learning techniques to forecast future outcomes based on historical data
...
Support Business Development It goes beyond
descriptive and predictive analytics by suggesting specific measures to achieve desired outcomes
...Sales Forecasting Providing recommendations on sales strategies based on predictive
models ...
Intelligence Business Intelligence Business intelligence can be categorized into several types, each serving a distinct purpose:
Descriptive Intelligence: Focuses on summarizing historical data to understand what happened in the past
...Predictive Intelligence: Utilizes statistical
models and machine learning techniques to forecast future outcomes based on historical data
...
Using Analysis for Planning Below are some key methodologies: Methodology Description Use Cases
Descriptive Analysis Focuses on summarizing historical data to understand what has happened
...Root cause analysis, variance analysis Predictive Analysis Utilizes statistical
models and machine learning techniques to forecast future outcomes
...
Performances Analysis Techniques Several techniques are employed in performance analysis to evaluate business metrics effectively:
Descriptive Analytics: Focuses on summarizing historical data to identify trends and patterns
...Predictive Analytics: Uses statistical
models and machine learning to forecast future performance
...
Support Continuous Improvement Types of Business Analytics Type Description Use Case
Descriptive Analytics Analyzes historical data to understand what has happened
...Predictive Analytics Uses statistical
models and machine learning techniques to forecast future outcomes
...
Insight Discovery Techniques Used in Insight Discovery There are several techniques employed in the process of Insight Discovery, including:
Descriptive Analytics: Analyzing past data to understand what has happened in the business
...Predictive Analytics: Using statistical
models and machine learning techniques to forecast future outcomes based on historical data
...
Data Analysis Tools for Business Success Tool Category Description Examples
Descriptive Analysis Tools that summarize historical data to understand what has happened
...Tableau, Power BI Predictive Analysis Tools that use statistical
models and machine learning techniques to forecast future outcomes
...
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