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Reflection Consider the following: How is data analytics different from statistics?What are the main differences between descriptive, predictive, and prescriptive analytics tools?How do businesses use

Reflection

Consider the following:

  • How is data analytics different from statistics?
  • What are the main differences between descriptive, predictive, and prescriptive analytics tools?
  • How do businesses use analytics to convert raw operational data into actionable information?

Reflect on the following in a minimum of 500 words.

Think about the organization you work for (or any other organization you are familiar with). Does the organization use data analytics? 

  • If so, how is it used? How can the organization improve the way it uses data analytics? What opportunities is the organization missing out on?
  • If not, how could data analytics be used to improve the organizations performance?

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