<img alt="dcsimg" id="dcsimg" width="1" height="1" src="//www.qsstats.com/dcs8krshw00000cpvecvkz0uc_4g4q/njs.gif?dcsuri=/index.php/c/a/Business-Intelligence/Analytics-in-a-Nutshell-208096&amp;WT.js=No&amp;WT.tv=10.4.1&amp;dcssip=www.baselinemag.com&amp;WT.qs_dlk=Xe4Xa3gASMSixTTNPEaC0AAAAAA&amp;">

Analytics in a Nutshell

By Samuel Greengard  |  Posted 2010-02-04 Print this article Print

Here are some key components to today’s business analytics solutions.

Data and Text Mining: Enables users to sift through data to build descriptive and predictive models.

Data Visualization: Provides insights through data aggregation and dynamic data visualization.

Forecasting: Uses past and current data to predict future outcomes.

Operations Research and Analysis: Enables organizations to manage optimization, and use project scheduling and simulation techniques to pinpoint actions and behavior that drive performance.

Quality Improvement: Enables organizations to identify, monitor and track quality initiatives over time.

Statistical Analysis: Offers the ability to cull and sift through data to produce statistical models that drive decision making.

See Also Business Intelligence and Business Analytics Big Time

Samuel Greengard is a freelance writer for Baseline.
eWeek eWeek

Have the latest technology news and resources emailed to you everyday.