Covering the essentials of business intelligence, explore the features & functions for an overview.
Orbit accelerators are purpose built and customizable to fit your requirements.
Knowledge is power, signup forOrbit customer portal access.
Leading provider of enterprise Reporting and Analytics software.
Descriptive Analytics, a preliminary stage of data processing, exemplifies retrospective analysis that drills through the past behaviors and provides an insight into the future outcomes. Descriptive Analytics, famously known as Business Intelligence (BI), is used by many organizations to study past experiences by summarizing the raw data. This basic form of analytics uses business reporting through not only examining the past, but also in providing an approach for the future.
While using data mining and data aggregation techniques in descriptive analytics may shed some light on what has already happened and what is currently happening, data visualization and additional querying are needed to achieve deeper insights.
Descriptive analytics come into picture when an aggregation is needed to filter historic data and analyze the performance of a company at an aggregate level.
Real World Examples:
Manufacturing – By analyzing past sales and inventory stock, manufacturing companies can inform the decision to expand their inventory by assessing the knowledge gained from this form of descriptive analytics.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.