Take, for example, ice cream sales: Descriptive analytics can be ... Understanding why machine learning models—and prescriptive analytics, as a subset—provide the results they do is also ...

Examples of metrics used in descriptive ... any areas for improvement in their own business plans and models. While descriptive analytics helps understand what happened in the past, it doesn ...

For example, descriptive analytics in MES can combine production ... This usually requires an AI model at the core of the analytics, which has to be trained and fine-tuned to provide the right ...

While descriptive analytics ... model determines the relationship between a given set of variables (dependent and independent) to identify crucial trends and patterns between them. For example ...

For example, an online retailer today can ... uses past data and a decision (optimisation) model to reach actionable recommendations. Whereas descriptive and predictive analytics require the presence ...

One example of descriptive analytics is giving hospitals a better ... How do we stay relevant as pay-for-performance models change?” Every wellness clinic is only as successful as the ...

Over the past several years, technology has rapidly changed what enterprise analytics can do. Analytical approaches that incorporate predictive models have begun to displace merely descriptive ...

Business analytics ... for example, while hospitals use data to optimize the flow of patients or schedule surgeries. “It’s the process, in other words, of going from data to models to ...