Analytics & Data Analysis
Analytics is the process of discovering, interpreting, and communicating significant patterns in data. Analytics represents insights and meaningful data which may not be detected otherwise. A businesses’ analytics focuses on utilizing insights derived from data to make more informed decisions.
ETHOS Center of Excellence provides an understanding within the disciplines of descriptive, predictive, and prescriptive analytics. Descriptive analytics answers the question of what happened. Diagnostic analytics answers the question of why something happened. Predictive analytics tells what will likely to happen next based on the current state. Prescriptive analytics literally prescribes what action to take to eliminate a future problem.
ETHOS Center of Excellence provides an understanding within the disciplines of descriptive, predictive, and prescriptive analytics. Descriptive analytics answers the question of what happened. Diagnostic analytics answers the question of why something happened. Predictive analytics tells what will likely to happen next based on the current state. Prescriptive analytics literally prescribes what action to take to eliminate a future problem.
If you are interested in learning more, please contact us!