The impact Advanced Analytics will have on a company depends on which layers of analytics it has.
Oct 01, 2020

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

 

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