There might be a need for a different tool or set of tools to do the different analyses of the data that is required to maintain the quality of it. The corporate data analytics platform singapore allows taking the data-driven results and decisions without any confusion. It helps to solve any type of solution without any difficulty.
The basic form of data analytics:
There are four major types of data analysis. Let’s have a view on these –
Descriptive analysis: in this type of analysis the service is made that is related to the business transactions that had taken in the past. The main intention is to reveal the results that have to happen in the past.
Diagnostic analytics: it tries to answer the question that triggers the mind about what are the reason that has led to up and down in the business of the company.it goes on to note the reason behind any profit or loss that was incurred by the company.
Predictive analytics: as the name mentions the main analysis in this stage is to analyse every pro and corn of the profit or loss of the business and come out with the best solution. They predict the future outcome or consequences of following any procedures that are related to the business.
Prescriptive analytics: this shows what type of action has to be taken into consideration for the success of the institution or company.it gives a clear view of all the consequences of the steps that are executed by the company.
