How is data analytics different from statistics? Analytics tools fall into 3 categories:descriptive, predictive, and prescriptive. What are the main differences among these categories? Explain how businesses use analytics to convert raw operational data into actionable information. Provide at least 1 example.

How is data analytics different from statistics? Analytics tools fall into 3 categories:descriptive, predictive, and prescriptive. What are the main differences among these categories? Explain how businesses use analytics to convert raw operational data into actionable information. Provide at least 1 example.

Database Systems: Design, Implementation, & Management

12th Edition

ISBN:9781305627482

Author:Carlos Coronel, Steven Morris

Publisher:Carlos Coronel, Steven Morris

Chapter14: Big Data Analytics And Nosql

Section: Chapter Questions

Problem 18RQ

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Sunny Delight's small size startled you when it bought so many analytics tools. How has Sunny Delight's ownership history affected the amount and kind of business intelligence (BI) products used? - What are the trade-offs of migrating to an enterprise-level analytics solution for end users who are used to using their own bespoke data-generation solutions?
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What shocked you about Sunny Delight's purchase of so many unique analytics tools is the company's small size. How can the fact that Sunny Delight's ownership has changed many times have an effect on the amount and variety of business intelligence (BI) solutions used?- What are some of the trade-offs involved with a migration to an enterprise-level analytics solution for individual end users who have become used to dealing with their own customized solutions for data generation?
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