What big data is used for?
by SMEBOOK (admin) · April 13, 2020
Big data analysis has a lot of capabilities and can be quite helpful in following:
- Descriptive Analysis: focusses on analysis of an event that happened in the past
- Diagnostic analysis which helps to understand the reasons behind the occurrence of a past event
- Predictive Analysis: this concentrates on the events the are most likely to happen in the future
- Prescriptive Analysis: focusses on how we can affect or alter those future events