Enterprises now more than ever have to build business resilience and ensure continuity in the face of the situation. With renewed focus, enterprise need to re-imagine the way they work to stabilize and take control of their business. Withstand impact, forecast, respond rapidly, adapt and recover better for the future.
Insight
Big data makes your business more profitable
Predictive Analytics
Predictive analytics turn the data into valuable, actionable information. predictive analytics uses data to determine the probable outcome of an event or a likelihood of a situation occurring.
Descriptive analytics
Descriptive analytics looks at data and analyze past event for insight as to how to approach future events. It looks at the past performance and understands the performance by mining historical data to understand the cause of success or failure in the past. Almost all management reporting such as sales, marketing, operations, and finance uses this type of analysis.
Prescriptive
Prescriptive Analytics automatically synthesize big data, mathematical science, business rule, and machine learning to make a prediction and then suggests a decision option to take advantage of the prediction. Prescriptive analytics goes beyond predicting future outcomes by also suggesting action benefit from the predictions and showing the decision maker the implication of each decision option.
Diagnostic Analytics
In this analysis, we generally use historical data over other data to answer any question or for the solution of any problem. We try to find any dependency and pattern in the historical data of the particular problem. For example, companies go for this analysis because it gives a great insight into a problem, and they also keep detailed information about their disposal otherwise data collection may turn out individual for every problem and it will be very time-consuming.