Advanced Data Analytics
Prescriptive Analytics
Predictive Analytics
A solution is proposed to address an issue identified in the diagnostic phase. Importance techniques may help guide the development of proposed solutions. Example – a company may experiment with several solution strategies on a small scale.
A difficult task of forecasting the future.
Example – recommender systems are quite successful for short-term predictions concerning customers viewing or buying preferences.
Importance of Data Analysts/Scientists
Data Analyst - Descriptive - Diagnostic
Data Scientist - Prescriptive - Predictive
vs
Businesses who do not employ data analysts/scientist are most likely not utilizing their data to its fullest potential. Senior executives reported that analytics significantly improved their organization’s outcomes (Deloitte). The U.S. Bureau of Labor Statistics predicts that the number of jobs in the data analytics field will increase 25% through 2029 – much faster than the average profession.
UWSP Data Analytics Center At UWSP, students gain insightful experiences by applying the core aspects of data analytics to real-world examples. The Data Analytics Center provides internship and capstone opportunities with program partners to better prepare students for future employment post-graduation.
Central Wisconsin Report - Fall 2021
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