from DSSResources.com

DSS News
D. J. Power, Editor
September 16, 2012             Vol. 13, No. 18


In this issue

1) What is analytics?
2) Recent DSS News Headlines
3) Upcoming DSS Conferences/Call for Papers


1) What is analytics?

by Dan Power
Editor, DSSResources.com


Analytics refers to quantitative and statistical analysis of data. Analytic capabilities are important in both data-driven and model-driven DSS. Analysis using quantitative and statistical tools is the focus of ad hoc and routine special studies. Various sources identify three categories of analytics: 1) reporting, 2) prescriptive, and 3) predictive. Reporting summarizes data using descriptive statistics. Prescriptive analysis uses data to inform a recommendation for action. Prediction involves causal or correlational analysis.

Continue reading at http://dssresources.com/faq/index.php?action=artikel&id=249

Click for more Frequently Asked Questions

2) Recent DSS News Headlines

09/13/2012 MicroStrategy announces general availability of its latest business intelligence software platform, MicroStrategy 9.3. Check release.

09/12/2012 IBM redefines social business with the power of analytics. Check release.

3) Upcoming DSS Conferences/Call for Papers

1. Call for IS/T book proposals. Click here

2. Call for papers: BI Congress 3 in Orlando, FL, Dec. 15 and 16, 2012. Click here

3. Sentiment Analysis symposium in San Francisco, Oct. 30, 2012. Click here

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