Advanced Analytics

Advanced analytics is an umbrella term for a group of high-level methods and tools that are used to more fully and deeply analyze data. The predictive capabilities of advanced analytics can be used to predict trends, events, and behaviors giving organizations the ability to perform advanced statistical models such as “what-if” calculations and to better plan for various future aspects of their operations. Some of the areas that make up advanced analytics include advanced pattern recognition and machine learning, semantic and graph analysis, data and text mining, complex event processing, predictive analytics, data visualizations, and more. This area is constantly expanding and improving bringing about even more advanced analytics capabilities.