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Data Analytics - Coggle Diagram
Data Analytics
Descriptive: This type of analytics is fundamental for gaining a clear picture of past events or current situations, making it easier to report and visualize data.
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Diagnostic: By identifying the reasons behind particular results, organizations can make informed decisions to prevent or replicate those outcomes.
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Predictive: This type of analytics is valuable for businesses because it helps in anticipating future trends and events, enabling them to plan and strategize accordingly.
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Prescriptive: It uses advanced algorithms and optimization techniques to recommend the best course of action.
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