AJAY AHIRE
RAJEEV SAHA
NITIN GARG
Data Analytics
▪ Interacting with data via dashboards that structure data to deliver analysis of
commonalities, such as averages, ratios and percentages.
▪ The goal is to aggregate data in order to report a result, search for a pattern and
find relationships between variables. Assumptions are made by humans, and
data is queried to attest to that relationship. If valid, testing may continue on
additional data.
▪ e.g AnyBank credit card loyalty program uses data analytics to determine that it
has 10,000 middle-aged male members, and 1,000 of them have redeemed
their accumulated points for golf. The data helps make the assumption that
middle-aged males are more likely to golf, and therefore AnyBank's marketing
efforts focus on this segment.
Predictive Analytics
▪ Predictions are based on historical data and rely on human interaction to query
data, validate patterns, create and then test assumptions.
▪ Assumptions drawn from past experiences presuppose the future will follow
the same patterns. “What/if” assumptions are informed by human
understanding of the past, and predictive capability is limited by the volume,
time and cost constraints of human data analysts
▪ e.g. AnyBank's credit card loyalty program might use predictive analytics to
determine whether they could increase reward redemption by 20% by spending
10% more on advertising golf to middle-aged male members.
AI & Machine Learning