Descriptive Models
Predictive Strategies
Supporting Organizational Change with Data
Breakthroughs
Performance Insights
Drive Innovation with Data Analytics
Strengthening Risk Management with Data
Strategic Decisions
Analyze Financial Data for Insights 
This process can be categorized into three main types of analytics:
Descriptive Analytics: Focuses on summarizing historical data to understand what has happened in the past
...Predictive Analytics: Utilizes statistical
models and machine learning techniques to forecast future outcomes based on historical data
...
Predictive Strategies Modeling: Applying statistical
models and machine learning algorithms to analyze data
...Type Description Application
Descriptive Analytics Analyzes past data to understand trends and patterns
...
Supporting Organizational Change with Data It goes beyond
descriptive and predictive analytics by providing actionable insights
...Prescriptive analytics can suggest the most effective strategies for implementing change based on historical data and predictive
models ...
Breakthroughs 1
Descriptive Analytics Descriptive analytics focuses on summarizing historical data to understand what has happened in the past
...Machine Learning Frameworks: TensorFlow and Scikit-learn provide the infrastructure for developing predictive
models ...
Performance Insights Methods of Analyzing Performance Insights Several methods are employed to analyze performance insights, including:
Descriptive Analytics: Focuses on summarizing historical data to understand what has happened in the past
...Predictive Analytics: Uses statistical
models to forecast future performance based on historical data
...
Drive Innovation with Data Analytics The primary types of data analytics include:
Descriptive Analytics: Focuses on summarizing 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
...
Strengthening Risk Management with Data Types of Data Analytics in Risk Management Data analytics can be categorized into three main types:
Descriptive Analytics: Analyzes historical data to understand past events and trends
...Predictive Analytics: Uses statistical
models and machine learning techniques to forecast future risks based on historical data
...
Strategic Decisions It goes beyond
descriptive analytics (which explains what has happened) and predictive analytics (which forecasts what might happen) by providing actionable insights to optimize decision-making
...Key components of prescriptive analytics include: Optimization: Utilizing mathematical
models to find the best course of action among various alternatives
...
Innovation broken down into three primary categories: Category Description Example
Descriptive Analytics Analyzes historical data to understand what has happened
...Predictive Analytics Uses statistical
models to predict future outcomes based on historical data
...
Using Data Analysis to Drive Sales Methodology Description Applications
Descriptive Analysis Summarizes historical data to identify patterns and trends
...Predictive Analysis Uses statistical
models and machine learning techniques to forecast future outcomes
...
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