What Is Advanced Analytics?

There are two type of advanced analytics in the industry today: query-based analytics and predictive analytics.

1. Query Based Analytics: Query-based analytics uses complex SQL statements to define recent business events.

2. Predictive Analytics: Predictive analytics uses statistical methods to anticipate future events.

Algebraix Data performs the first type, query based analytics, and enables the second type, predictive analytics, which allows for enhanced performance and functionality.

Advanced analytics is about discovering existing relationships and unknown facts, anticipating the future, and effectively adapting to change. The payoff of leveraging advanced analytics is better strategic decision making.