It is common for the concepts of prictive and prescriptive analytics to be confus. This happens because they are usually appli together. The prescriptive data analysis model aims to identify the possible consequences of decision-making.
Diagnostics
Diagnostic analysis is closely relat to t. However! it is not limit to these topics. It seeks to identify potential problems and patterns. From this! there are inputs to optimize strategies and processes.
Descriptive
This analysis model is
Relat to the concept of visual and real-time management. Thus! the descriptive method can be conceptualiz as an analysis that uses real-time data mining for quick decision-making that is more relat to operational processes.
Key Benefits of Data Analysis and Metrics
Business Intelligence! BI or Business Intelligence tools are the resources responsible for transforming Big Data from CRMs and ERPs into information in an analytical model.
The market for Artificial Intelligence appli to data analysis and teacher data metrics is expect to reach a market volume of US$32.48 billion by 2027! according to Statista . This means that the more companies mature their digital transformation process! the more they will invest in BI in the coming years.
To help you better understand the potential of data analysis and metrics for your business! we have list its main advantages below. Check it out!
Error identification and correction
When they happen repeatly and in what is email marketing and is it still effective in 2020? the same way! mistakes mobile list become the biggest enemy of any company. After all! they generate rework and have several negative repercussions for the operation. Among them! we ca n The concepts of consumer mention the increase in operational costs and the loss of quality of the customer experience.