The fourth step is data processing and/or data analysis. There are several kinds of data analysis, which serves various purpose and we use certain type depending on the objective of our customers. However, primarily data analyzing, which is designed for diagnosing the problem, there are several analytics methods applied by our company:
Descriptive Analytics: Applying various business intelligence tools to describe and/or summarize the data that helps us sort out the current situation.
Diagnostic Analytics: Observing the previous activities of the existing situation clarifies the reason of it. As a consequence, an analytic dashboard is created.
Predictive Analytics: By applying statistical analysis and machine learning approach potential outcome can be predicted.
Prescriptive Analytics: By predictive analysis our customers are proposed one or several strategies based on the data analysis.
