Sunday, December 26, 2021

Descriptive, Diagnostic, Predictive, Prescriptive, and Cognitive

  • Descriptive: Descriptive analytics helps answer questions about what has happened, based on historical data.
  • Diagnostic: Diagnostic analytics helps answer questions about why things happened.
  • Predictive: Predictive analytics helps answer questions about what will happen in the future.
  • Prescriptive: Prescriptive analytics helps answer questions about what actions should be taken to achieve a goal or target.
  • Cognitive: Cognitive analytics attempts to draw inferences from existing data and patterns deriving conclusions.