The impact Advanced Analytics will have on a company depends on which layers of analytics it has.
Let's look at the four layers of analytics and their definitions to determine which layers are inside your company.
Descriptive Analytics
Reactive reporting.
Focus on data, precision, and consistency.
Analytics Diagnosis
Proactive reporting for decision-making.
Trend analysis and market benchmark.
Customizable.
Self-Service dashboards.
Predictive Analytics
The solution to business problems from a statistical point of view.
Identification of actionable solutions.
Integrated data.
Development of predictive models.
Scenario planning.
Data governance.
Prescriptive Analytics
Fully automated solutions throughout the life cycle.
Complete integration with all the areas involved: Business, Technology, etc.
MLOps scheme for development, maintenance, and monitoring of analytical solutions
Download the Advanced Analytics eBook:
From AI to Z, an executive guide for today's leaders looking for business insights.
Understand the fundamentals of Advanced Analytics in "Data-Driven" companies, how it can add value to business strategies, and the most common use cases being applied by leading companies in major industries.