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Deep Learning

Artificial Neural Networks

Machine Learning

Descriptive Analytics

Business Analytics


Type of Analysis

Tools used to predict future business phenomenons, this includes data mining

Tools applied to optimize and automate certain business process

Predictive Analysis

Prescriptive Analysis

Networks capable of learning from large amounts of data, used to make predictions about complex events. used to analyze complex data sets, such as e-commerce or social media

Inspired by biological neural networks, interconnected nodes that transmit and process information, used to analyze complex data sets and identify patterns that are not apparent

Statistical, graphical and numerical methods to understand phenomenons

source: Business Analytics: A Data-Driven Decision Making Approach for business, Vol 1. Harvard Business Publishing 2018

Method used to develop complex models and algorithms to make predictions. It automate model building and have the ability to learn without being explicitly programmed