Descriptive Models
Effective Big Data Strategies
Data Analysis for Operational Optimization
Optimize Financial Performance with Data
Optimize Marketing ROI through Data Insights
Analyzing Financial Data
Overview
Evaluating Sales Strategies
Delivering Insights for Business Development 
It can be classified into three main types: Type Description Purpose
Descriptive Analytics Analyzes historical data to understand trends and patterns
...Data Analysis: Use statistical methods and
models to analyze the data
...
Effective Big Data Strategies NoSQL Databases Designed for large sets of distributed data, these databases allow for flexible data
models ...Common data analysis methods include:
Descriptive Analytics: Summarizing historical data to identify trends
...
Data Analysis for Operational Optimization Key Methodologies Several methodologies are commonly employed in data analysis for operational optimization:
Descriptive Analytics: This methodology focuses on summarizing historical data to understand past performance
...It answers the question, “Why did it happen?” Predictive Analytics: Predictive analytics uses statistical
models and machine learning techniques to forecast future outcomes
...
Optimize Financial Performance with Data Type of Analytics Description Example Applications
Descriptive Analytics Analyzes historical data to understand what has happened
...Financial reporting, trend analysis Predictive Analytics Uses statistical
models and machine learning techniques to forecast future outcomes
...
Optimize Marketing ROI through Data Insights Types of Data Analytics To optimize marketing ROI, businesses can employ various types of data analytics:
Descriptive Analytics: This type analyzes historical data to understand what has happened in the past
...Predictive Analytics: Predictive analytics uses statistical
models and machine learning techniques to forecast future outcomes based on historical data
...
Analyzing Financial Data Descriptive Analysis Descriptive analysis involves summarizing historical data to identify trends and patterns
...Predictive Analysis Predictive analysis uses statistical
models and machine learning techniques to forecast future financial outcomes
...
Overview The primary components of business analytics include:
Descriptive Analytics: Analyzes historical data to identify trends and patterns
...Predictive Analytics: Uses statistical
models and machine learning techniques to forecast future outcomes based on historical data
...
Evaluating Sales Strategies Evaluating sales strategies is a critical aspect of business analytics, particularly within the domain of
descriptive analytics
...Predictive Modeling: Utilize statistical
models to forecast future sales based on historical data
...
Data Types of Data Analytics
Descriptive Analytics: Analyzes 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
...
Aligning Business Strategies with Analytics It can be categorized into three main types:
Descriptive Analytics: Focuses on summarizing historical data to understand what has happened in the past
...Develop Analytical
Models Create models to analyze data and generate insights that support decision-making
...
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