{"id":238,"date":"2017-10-26T20:08:17","date_gmt":"2017-10-26T20:08:17","guid":{"rendered":"http:\/\/www.ibertech.org\/?p=238"},"modified":"2018-01-15T12:20:58","modified_gmt":"2018-01-15T12:20:58","slug":"analitica-descriptiva-predictiva-y-prescriptiva","status":"publish","type":"post","link":"https:\/\/www.ibertech.org\/en\/analitica-descriptiva-predictiva-y-prescriptiva\/","title":{"rendered":"Descriptive, predictive and prescriptive analytics"},"content":{"rendered":"<p>The fact that companies are already analysing their own database to guide strategic decisions is a reality nowadays. Truly, it is more prevalent in large companies, but as Thiermann (2015) stated, this habit has begun to spread among small (18%) and medium enterprises (57%), principally due to three reasons:<\/p>\n<ul>\n<li><strong>Cheaper hardware systems and analytical solutions<\/strong> in the market.<\/li>\n<\/ul>\n<ul>\n<li><strong>The begin of the company\u2019s digitalization:<\/strong> data quality treatment and databases development with company\u2019s big data.<\/li>\n<li><strong>Easy-access to unified databases in global management systems<\/strong>.<\/li>\n<\/ul>\n<p>Until very recently, the analytic was purely descriptive. It was analyzed based on historical company data, and tried to draw statistical conclusions from past actions that could defend a particular strategic decision with a high degree of confidence. However, in recent years, thanks to the work of technicians, statisticians and mathematicians, new models of analytics have been developed. This new models, based on statistical algorithms and mathematical rules, do not only analyze the historical enterprise, but they seek to predict future hypothetical scenarios, and have the ability to modify different indicators and analyze their direct impact on major decisions to make the right decision.<br \/>\nThere is always been doubts about the differences between predictive and prescriptive analytics, and Lafuente (2013) posits this clear distinction between both of them:<\/p>\n<ul>\n<li><strong>Predictive Analytics:<\/strong> Using advanced mathematical techniques to predict missing data. It focuses on the prediction of relevant information, but does not automate any process.<\/li>\n<li><strong>Prescriptive Analytics:<\/strong> use of algorithms and business rules management systems to automate decision-making. The main objective is optimizing resources and increase operational efficiency of the company.<\/li>\n<\/ul>\n<p>Predictive and prescriptive analytics, and BI tools mostly seek to facilitate their own use to small businesses with some limitations (not so specialized, regardless of the specific knowledge of their employees, their budget, or any department which wants to use them).<br \/>\nAt the end, your company objective has to be the fact of not needing technical profiles to incorporate Business Intelligence in your company, but to make it accessible to all your employees.<\/p>\n<p><strong>Sources:<\/strong><\/p>\n<ul>\n<li>Thiermann, Francisco. \u201cEl an\u00e1lisis de Big Data no se limita a las grandes empresas\u201d.\u00a0 dineroenimagen.com 08\/2015. 27 de mayo de 2016. http:\/\/www.dineroenimagen. com\/blogs\/inteligencia-empresarial\/el-analisis-de-big-data-no-se-limita-las-grandes-empresas\/60709<\/li>\n<li>Lafuente, Javier. \u201cAnal\u00edtica Predictiva y Anal\u00edtica Prescriptiva\u201d. decidesoluciones.es 80\/2013 . 01 de Junio de 2016. http:\/\/www.decidesoluciones.es\/analitica-predictiva-y-analitica-prescriptiva\/<\/li>\n<\/ul>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Business Intelligence strategy is based on statistical analysis of a company?s big data, in order to use that information to optimize&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"wps_subtitle":"","acf":[],"_links":{"self":[{"href":"https:\/\/www.ibertech.org\/en\/wp-json\/wp\/v2\/posts\/238"}],"collection":[{"href":"https:\/\/www.ibertech.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ibertech.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ibertech.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ibertech.org\/en\/wp-json\/wp\/v2\/comments?post=238"}],"version-history":[{"count":3,"href":"https:\/\/www.ibertech.org\/en\/wp-json\/wp\/v2\/posts\/238\/revisions"}],"predecessor-version":[{"id":467,"href":"https:\/\/www.ibertech.org\/en\/wp-json\/wp\/v2\/posts\/238\/revisions\/467"}],"wp:attachment":[{"href":"https:\/\/www.ibertech.org\/en\/wp-json\/wp\/v2\/media?parent=238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ibertech.org\/en\/wp-json\/wp\/v2\/categories?post=238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ibertech.org\/en\/wp-json\/wp\/v2\/tags?post=238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}