The 4 Types of Data Analytics [VIDEO]

BigDataGal
Posted by BigDataGal May 11, 2015
 

(A vlog post on data analytics)

 

(A vlog post on data analytics)

This vlog piece was filmed in Penang, Malaysia and introduces viewers to the 4 types of data analytics.

The 4 Types of Data Analytics

Descriptive

  • Answers the question, “What Happened?”.

Diagnostic

  • Commonly used in engineering and sciences to diagnose “what went wrong?”.

Predictive

  • Used to predict for future trends and events based on statistical or mathematical modeling of current and historical data.

Prescriptive

  • Used to tell you what to do to achieve a desired result.
  • Based on the findings of predictive analytics.

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