Descriptive Analysis - Blog Posts

The Stepping Stones for Decision Analysis and Optimization

While data analytics do help garner deep insights for smarter decision-making, the insights required varies based on the technology and the analysis approach and procedures used.

 Businesses need to ensure that they have a business intelligence architecture or data warehouse that offers a convenient and multi-faceted analytical ecosystem optimized for effective analysis of diverse datasets.

Descriptive Analytics

Descriptive analysis is all about using the past performance, understanding its nature by mining the historical data to analyze the reason for a previously occurred success or failure. Descriptive models enable businesses to classify the prospects or parameters by consolidating relationships in data.

Diagnostic Analytics

An advanced level of analytics, diagnostic analysis, dissects the data to answer the reason behind a specific event. Methods used to characterize the data include data discovery, mining, drill down, and  Read More

Source: APAC Business Intelligence