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Grow your business with the help of Data analytics.
Business rules play an important role in applying the outcomes of data analysis to improve processes. Rules work with data, as do analytics. Predictive analytics uses historical data to find patterns, and the outcome of such analysis is often mathematical scores that are best applied when combined with experience-based human validation provided by rules.
Analytics refer to the use of skills, technologies, and practices to explore and investigate past performance, gain insight, and drive business decision making.
Predictive and descriptive analytics are two methods of using data and statistical methods to assess actual outcomes against target standards and goals. These types of analysis can explain the relationship between factors that influence outcomes they can also help prioritize improvement and other planning efforts. Companies can use their analytic capabilities to create advantages over competitors and better perform in the marketplace.