What is prescriptive analytics? – in short it is concerned with the optimal use of resources (people, transport, machines etc.) given a set of constraints and a well defined objective. One of the classical use cases is found in logistics – which loads should be batched together, and which routes used…
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FatFree
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Big data analytics is concerned with the creation of value from the wide variety and high volume of data associated with big data, and often at a speed that traditional data management infrastructures cannot handle. Until value is extracted from big data it is a pure infrastructure cost. New types…
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We analyse data because we need to answer questions. What did sales look like last month? Why was production low in a particular unit? How has the customer base responded to the latest promotion? The questions are endless, and so is the need for business analytics technologies and methods. Fortunately…
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