Big Data
Big data are defined by the massive amount of data that organizations are collecting as of records from for forms filled by users, files, emails, comments and surveys. Big data is characterized by its Volume (in the terabytes), Velocity (the speed at which the data is created), Variability (changing data), Value (what information can you derive from the data), Veracity (how authentic is the data), and Variety (structured of unstructured data), or the 5 Vs. Businesses around the world are recognizing the potential in that data and are investing in technologies to exploit them. Advanced Analytics is the technology used to process and make sense of Big Data.
Advanced Analytics
Advanced Analytics are extensions of Business Intelligence Analytics. Kheops DBB will work with your staff to implement the customized analytics that will allow decision managers to have a better understanding of the organization and the trend in your line of service in general. That knowledge will allow those managers to make sound judgments about how the company is doing and where it needs to go.
With Kheops DBB, you will have:
- Descriptive Analytics: provide an answer to the question ’what happened’ through tools such as reporting from OLAP, dashboards, scorecards, and data visualization.
- Exploratory or Discovery Analytics: look at ‘how it is happening’ through clustering and pattern recognition.
- Predictive Analytics: answer the question ‘what will happen’ by providing a look in the future through regression, machine learning, and neural network algorithms.
- Prescriptive Analytics: suggest ‘what to do’ and find optimal solutions through linear programming.