The roots were grounded when monitoring required a closer look. However, analytics is purely forecasting future based on the past events. To quote a simple example: It’s driving with an eye on the rear-view mirror.
The application of analytics to operational decisions is prevalent across industries. Some common use cases include predicting returns of financial portfolio returns based on historical trends, reduction of costs by energy companies based on anomaly patterns, traffic planning and regulation algorithms based on analytics.Read more at Gavstech.com