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Types of Data Analytics

Data Analytics – Which type suits your business best?

Data analytics cannot be considered as a one-size-fits-all blanket strategy. Data Analytics is used for different purposes depending on the organizational structure and its goals. There are three major types of analytics used in corporates Descriptive Analytics Predictive Analytics Prescriptive Analytics Let’s know a brief about them: Descriptive Analytics Descriptive analysis answers the question “What has happened?”. Descriptive analytics involves techniques that analyze the data coming in real-time and historical data. The main objective of descriptive analytics is to find out the reasons behind precious success or failure in the past. Small...

Data analytics cannot be consi...

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