Andyblg's Blog

December 7, 2010

From basic analytics to advanced analytics

Filed under: Analysis Solution — andyblg @ 23:07
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In “Advance Your Analytics Strategies” by James Kobielus‘ post he explain about advanced analytics, overlap between advanced analytics and BI, data warehousing.

Many authors talk about BI as about Historical analysis. May be it’s true or may be not all is true.

BI can be considered as common term for analytic tools with different methods and algorithms.

past present future
BI with statistical algorithms Real-time BI ?

Which tool is suitable for the analysis of the future?

So the future is predictable only with probability Then requires probabilistic methods and/or models for BI tools. This may be BI based on predictive modeling 🙂

So We can talk about BI tools as about implementation of approaches to analytics.

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