September 11: Analytics Maturity
A look at how analyzing data can help increase sales.
Source: Computd
Published: June 2020
Analytics Maturity
Descriptive analytics: the foundation of analytics; it asks “what happened?”
ex. “How many X did I sell today?”Diagnostic analytics: draws insight from past data to inform the present.
ex. “Did I sell more or less X on a certain day of the week?”Predictive: analyzes predictive models, and potential outcomes to prepare for the future.
ex. “What am I going to sell next week?”Prescriptive: synthesizes a plan of action or next step using previous analytics.
ex. “How can I sell the most X?”
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Did you appreciate the fact today?
Very true, however, it's becoming both easier (more data) and harder (more competition) to achieve 3+4 here on the Amazon marketplace