BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -There are three types of analytics that businesses use to drive their decision making; descriptive analytics, which tell us what has already happened; predictive analytics, which show us what could happen, and finally, prescriptive analytics, which inform us what should happen in the future.

Detailed explanation-2: -There are four types of analytics, Descriptive, Diagnostic, Predictive, and Prescriptive.

Detailed explanation-3: -Predictive vs. prescriptive analytics. Predictive and prescriptive analytics inform your business strategies based on collected data. Predictive analytics forecasts potential future outcomes, while prescriptive analytics helps you draw specific recommendations.

Detailed explanation-4: -Advanced data analytics comprises three pillars namely speed, agility, and performance which are important to utilize the full potential from it. These pillars strengthen the analytics strategies themselves and improve your business multiple folds.