Below we list the main types of data analysis ! so that you can better understand how the use of this tool can affect your decisions! solidly corresponding to what the current market demands.
Prescriptive analytics
It is a data analytics model that focuses on giving data analysts recommendations on how to act in the face of certain events! which are directly relat to the business and its main objectives. In other words! it shows the probabilistic relationships on the results from a pretermin decision-making process.
Prescriptive analytics are widely us
The market to ruce risks relat to any changes in company systems and to optimize processes. These analyses are made possible by using a multitude of variables from various sources that the business has at its disposal.
Prictive analysis
By analyzing a large amount of data from Big Data! we can direct engineer data it to prict business trends in a very reliable way — whether it be the consumer of a product in an e-commerce or the user of a service using a platform.
This analysis model is nothing more than a statistical representation! often obtain from resources such as machine learning ! of what is happening at the moment in relation to historical records already captur by the system.
This analytical model is responsible
Prictions about possible future actions to be taken! as well as scenarios still unknown to the company to help the manager in his decision-making.
Descriptive analysis
This type of analysis deals with understanding what is happening how to create an easy blog? in the business at the time it is appli. As the name suggests! it describes the conditions under which What are the main type analysts and managers can focus india number list on a better understanding of the company’s problems and solutions.