Unit 4 Cheatsheet
Unit 4 Cheatsheet
The true importance of IoT data from smart objects is realized only when
the analysis of the data leads to actionable business intelligence and
insights. Data analysis is typically broken down by the types of results
that are produced.
Descriptive: Descriptive data analysis tells you what is happening, either
now or in the past.
Diagnostic: When you are interested in the “why,” diagnostic data
analysis can provide the answer.
Predictive: Predictive analysis aims to foretell problems or issues before
they occur.
Prescriptive: Prescriptive analysis goes a step beyond predictive and
recommends solutions for upcoming problems