Tag: Descriptive Analytics

April 4, 2024

In today’s global landscape, organizations worldwide are increasingly turning to data analytics to enhance their business performance. Research conducted by McKinsey Consulting revealed that data-driven companies not only experience above-market growth but also witness EBITDA (Earnings Before Interest, Taxes, Depreciation, […]

April 6, 2023

In 1865, Richard Millar Devens presented the phrase “Business Intelligence” (BI) in the “Cyclopædia of Commercial and Business Anecdotes.” He used it to describe how Sir Henry Furnese, a banker, profited from information by gathering and acting on it before […]

March 24, 2023

Organizations are recognizing that data can be a powerful business asset, and are investing in data analytics to provide this valuable tool. According to research, more than 95% of all organizations today incorporate data initiatives into their business strategies. However, […]

February 16, 2023

Predictive analytics and machine learning are extremely powerful tools used to predict future outcomes from large amounts of data. They help businesses gain insights, improve efficiency, and make informed decisions. With the big data space estimated to reach a value […]

December 14, 2022

Data analysts are specialists in statistics, mathematics, and computer science, enabling them to serve in a variety of departments, including operations analysis, financial analysis, and marketing analysis. A data analyst interprets data to influence business strategy, permitting firms to make […]

July 21, 2022

Data analytics in businesses help uncover competitive intelligence, actionable insights and trends. Different types of analytics enable businesses to gain an edge over their competitors. In the “data first” era, data-driven insights and decisions have become the key drivers of […]

October 6, 2021

Business Intelligence (BI) includes the technologies and tools used to analyze and report on different business operations. Business Intelligence uses raw data stored in varying data warehouses, data marts, data lakes, and other storage platforms, and transforms it into actionable […]

August 18, 2021

Descriptive analytics, or business intelligence, uses historical information to answer the question “What Happened?” Think of it as a rear-view mirror into business performance or a summary view of facts and figures in an understandable format to either inform or […]