Revolutionizing Business: Advanced Analytics Unleashes Future Forecasting and Data Visualization
Advanced analytics helps predict the future and analyze different scenarios. It uses predictive analytics and data mining to forecast and model outcomes. Data visualization presents information visually, making it easier to understand. Businesses need two types of self-service data environments: analytical sandboxes for adding data and deriving metrics, and analytical hubs for more in-depth analysis. Big Data analytics require careful attention to scope, program, architecture, and team.