Glossary of Data Science and Data Analytics

What is Prescriptive Analytics?

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Predictive analysis, a type or extension of predictive analysis, is used to advise or predict certain actions when certain information states are reached or conditions are met. Algorithms use mathematical techniques and/or business rules to choose from different actions that are adapted to a specific goal (such as improving job performance) and recognize various requirements or limitations.

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Discover Glossary of Data Science and Data Analytics

What is a Logical Analysis Platform?

The logical analysis platform is a feature-rich technology solution designed to meet the needs of large enterprises.

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What is Digital Transformation? What are examples of digital transformation?

The concept of digital transformation has been supported by many industry experts since 2012, allowing companies to update their business models. Technologies such as data analytics tools, artificial intelligence and cloud computing services are contributing to the development of digital transformation in companies.

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What is a Data Warehouse (DWH)?

A data warehouse (often abbreviated as DW or DWH) is a centralized “data warehouse” capable of integrating a variety of sources. It provides a separate environment from operational systems.

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