Examples of using Descriptive analytics in English and their translations into Chinese
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First is descriptive analytics.
Descriptive analytics asks the question,'What has happened?'.
Even broader financial statistics fall in the descriptive analytics umbrella.
Diagnostic and descriptive analytics can be precise.
In contrast, almost two-thirds(63 percent)of survey respondents plan to invest in descriptive analytics.
Descriptive analytics answer the question,‘What has happened?”?
Enterprises are now striving to evolve from descriptive analytics to predictive analytics. .
Descriptive analytics describes what has happened over a given period of time.
Even without knowing it, many organizations use descriptive analytics extensively in their everyday operations.
Descriptive analytics help users answer the question:“What happened and why?”.
The few data scientists these companies have spend most of their time implementing andmanaging descriptive analytics.
For most businesses, descriptive analytics form the core of their everyday reporting.
Descriptive analytics enables companies to understand past behaviors and learn how it can influence future outcomes.
When all the facts you need are visible to you,you can use descriptive analytics for making as many decisions as you please.
After mastering descriptive analytics, companies can explore whether the higher tiers are even necessary for them.
Furthermore a data lake offers a chance to go beyond descriptive analytics, into the exciting realms of predictive and prescriptive analytics. .
Descriptive analytics show baselines, such as how many people visit a page, click on a button, or watch a video.
Figure 4 shows that the use of descriptive analytics is only correlated with improvements in customer service.
While descriptive analytics lets us know what happened in the past, predictive analytics focuses on what will happen next.
One straightforward example of how descriptive analytics are used in operations revolves around annual revenue reports.
Descriptive analytics can be used to explain how a company ways to make easy money fast operates, and to describe different aspects of the business.
Generally, descriptive analytics concentrate on historical data, providing the context that is vital for understanding information and numbers.
Descriptive analytics are the most common type of analysis, and will reveal past performance for sales, production, shipping, or other operations.
Descriptive analytics summarizes data, focusing less on the precise details of every piece of data, and instead focusing on an overall narrative.
Descriptive analytics can be useful in the sales cycle, for example, to categorize customers by their likely product preferences and sales cycle.
These are descriptive analytics(defines what has happened), predictive analytics(tells what can happen), and prescriptive analytics(advises what can be done).
Essentially, descriptive analytics seeks answers about what happened, without performing the more complex analyses required in diagnostics and predictive models.