Pace Passion Transformation
Descriptive Analytics helps you to derive inferences from the plentiful data, and are taken to a dashboard for understanding of a business process in real time. Techniques include Data Aggregation, Pattern Identification, Exploratory Factor Analytics, Principle Component Analytics, Trend Analytics, Cluster Analytics, Assessing Correlations, Univariate and Multivariate Statistical Inferences & Sentiments Analysis.
After having represented the data points on the dashboard we run Diagnostics to determine probable reasons behind the change. To better put it, we drill the data to reach to the root cause of change. Techniques include Data Discovery, Data Mining, Correlations and Interactive data visualization.
Predictive modelling customs to data mining and the probability to foresee outcomes. Each model used in predictive analysis has a number of predictors, also known as variables that are used to extrapolate the data and see future trends and patterns. Post collection of significant predictors, a statistical model is framed leading to optimization in the business process.
As the word goes Prescriptive Analysis takes into account a number of possible course of actions while guiding to a solution. These analytics are more often referred to as advice analytics. These analytics are used as an attempt to quantify the effect of the business decisions beings made, thereby providing assistance & intelligence on probable outcomes even before the decisions have been implemented. In brief, these analytics will predict what’s and why’s of a decision and provide commendations on soon to be taken actions.
As the word goes Prescriptive Analysis takes into account a number of possible course of actions while guiding to a solution. These analytics are more often referred to as advice analytics. These analytics are used as an attempt to quantify the effect of the business decisions beings made, thereby providing assistance & intelligence on probable outcomes even before the decisions have been implemented. In brief, these analytics will predict what’s and why’s of a decision and provide commendations on soon to be taken actions.
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