What are the divisions of the core components of analytics?
To analyze data, core components of analytics are divided into the
following categories:
-Descriptive
-Diagnostic
-Predictive
-Prescriptive
-Cognitive
What are descriptive analytics?
Descriptive analytics help answer quest...
✓ Cognitive analytics attempt to draw inferences from existing data and
patterns, derive conclusions based on existing knowledge bases, and
then add these findings back into the knowledge base for future
inferences, a self-learning feedback loop. Cognitive analytics help you
learn what might happen if circumstances change and determine how
you might handle these situations.
How are inferences structured for cognitive analytics?
✓ Inferences aren't structured queries based on a rules database; rather,
they're unstructured hypotheses that are gathered from several sources
and expressed with varying degrees of confidence. Effective cognitive
analytics depend on machine learning algorithms, and will use several
natural language processing concepts to make sense of previously
untapped data sources, such as call center conversation logs and
product reviews.
What are the different data roles?
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