Category: Data Science

Prescriptive Analytics

Prescriptive analytics is a type of data analysis that goes beyond simply describing or predicting what might happen. It suggests specific actions or strategies to achieve the best possible outcome based on available data. By using mathematical models, simulations, and algorithms, prescriptive analytics helps decision-makers choose the most effective path forward.

Predictive Analytics Strategy

A predictive analytics strategy is a plan for using data, statistics and software tools to forecast future outcomes or trends. It involves collecting relevant data, choosing the right predictive models, and setting goals for what the predictions should achieve. The strategy also includes how the predictions will be used to support decisions and how ongoing…

Data Profiling

Data profiling is the process of examining, analysing, and summarising data to understand its structure, quality, and content. It helps identify patterns, anomalies, missing values, and inconsistencies within a dataset. This information is often used to improve data quality and ensure that data is suitable for its intended purpose.

Performance Metrics Design

Performance metrics design is the process of deciding which measurements best reflect how well a system, process, or team is achieving its goals. It involves choosing clear, relevant indicators that can be tracked and analysed over time. Good metric design helps organisations understand progress, identify areas for improvement, and make informed decisions.

Decision Modeling

Decision modelling is the process of creating a structured approach to making choices, often using diagrams, charts, or mathematical models. It helps people or organisations weigh different options and predict the possible outcomes of their decisions. By using decision models, complex choices can be broken down into simpler steps, making it easier to compare alternatives…