<ul data-eligibleForWebStory="true"><li>Descriptive analytics provides a snapshot of past business performance, answering 'What happened?'</li><li>Diagnostic analytics uncovers reasons behind numbers, aiding in identifying root causes of success or failure.</li><li>Predictive analytics forecasts future trends and outcomes using data models and AI.</li><li>Prescriptive analytics goes beyond predictions to recommend actions for optimal decision-making.</li><li>Analytics progression goes from descriptive to prescriptive, guiding from data to insights to actions.</li><li>Real-time analytics and augmented analytics are emerging trends enhancing data usage.</li><li>Different team roles contribute to different types of analytics, making it a collaborative effort.</li><li>Start with descriptive analytics for a clear business view, then progress to diagnostic, predictive, and prescriptive analytics based on goals.</li><li>Applying analytics involves setting up dashboards, analyzing causes, predicting trends, and making data-driven decisions.</li><li>Analytics can transform business operations and decision-making processes, leading to enhanced efficiencies and profitability.</li></ul>

4 Types of Analytics That Matter

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