{"id":2802,"date":"2013-12-12T19:11:28","date_gmt":"2013-12-12T19:11:28","guid":{"rendered":"http:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/?p=2802"},"modified":"2013-12-12T19:11:28","modified_gmt":"2013-12-12T19:11:28","slug":"understanding-your-business-with-descriptive-predictive-and-prescriptive-analytics","status":"publish","type":"post","link":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/understanding-your-business-with-descriptive-predictive-and-prescriptive-analytics\/2802\/","title":{"rendered":"Understanding Your Business With Descriptive, Predictive And Prescriptive Analytics"},"content":{"rendered":"Companies have long been involved in the analysis of how a company performed over time. As the history of big data shows, already for many years we try to understand how the organisations or the world around us behaves by analysing the available data. In the past this used to be merely descriptive analytics. This answers the question \u201cwhat happened in the past with the business?\u201d With the availability of big data we entered the new area of predictive analytics, which focuses on answering the question: \u201cwhat is probably going to happen in the future?\u201d However, the real <a href=\"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/understanding-your-business-with-descriptive-predictive-and-prescriptive-analytics\/2802\/\" class=\"more-link\">(more&hellip;)<\/a>","protected":false},"excerpt":{"rendered":"<p>Companies have long been involved in the analysis of how a company performed over time. As the history of big data shows, already for many years we try to understand how the organisations or the world around us behaves by analysing the available data. In the past this used to be merely descriptive analytics. This [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[11],"tags":[247],"class_list":["post-2802","post","type-post","status-publish","format-standard","hentry","category-industry-news","tag-prescriptive-analytics"],"_links":{"self":[{"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/posts\/2802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/comments?post=2802"}],"version-history":[{"count":2,"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/posts\/2802\/revisions"}],"predecessor-version":[{"id":2804,"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/posts\/2802\/revisions\/2804"}],"wp:attachment":[{"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/media?parent=2802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/categories?post=2802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.predictiveanalyticsworld.com\/machinelearningtimes\/wp-json\/wp\/v2\/tags?post=2802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}