Data Analysis

INFO

transformation of data into information

• Descriptive Analytics

  • Summarizing of raw data by converting it into a form that can be easily understood
  • commonly used to describe in detail about an event in the past
  • used to derive trends and patterns or outcomes

• Diagnostic Analytics

  • advanced method of descriptive analysis which uses statistical analysis to derive conclusions from data
  • uses statistical techniques to uncover and identify relationships, associativity, influences, and/or differences between variables

• Predictive Analytics

  • uses advanced statistical processes to forecast trends based on historical and current events and variables
  • uses range of data modeling processes to predict the probability of an occurrence / event and draw attention of the combination of variables that influence, impact, or lead to the outcome

• Prescriptive Analytics

  • uses real-time data to inform and recalibrate recommendations based on a set of self-learning algorithms
  • developed through using continuous data feeds, advanced data modeling, and machine learning techniques

• Cognitive Analytics

  • applies human-like intelligence to certain tasks and brings together a number of intelligent technologies
    • semantics
    • artificial intelligence algorithms
    • deep learning
    • machine learning