{"id":7941,"date":"2018-06-12T00:00:00","date_gmt":"2018-06-12T04:00:00","guid":{"rendered":"https:\/\/www.sisense.com\/glossary\/advanced-analytics\/"},"modified":"2024-09-24T05:13:55","modified_gmt":"2024-09-24T09:13:55","slug":"advanced-analytics","status":"publish","type":"glossary","link":"https:\/\/www.sisense.com\/glossary\/advanced-analytics\/","title":{"rendered":"Advanced Analytics"},"content":{"rendered":"\r\n<ul class=\"anchorlinks wp-block-list\">\r\n<li><a href=\"#what\">What is advanced analytics?<\/a><\/li>\r\n<li><a href=\"#usage\">What can advanced analytics do for me?<\/a><\/li>\r\n<li><a href=\"#solution\">Advanced analytics solutions<\/a><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\" id=\"what\">What is advanced analytics?<\/h2>\r\n\r\n\r\n\r\n<p>Advanced analytics is an umbrella term for a group of high-level methods and tools that can help you get more out of your data. The predictive capabilities of advanced analytics can be used to forecast trends, events, and behaviors. This gives organizations the ability to perform advanced statistical models such as \u201cwhat-if\u201d calculations, as well as to future-proof various aspects of their operations.<\/p>\r\n\r\n\r\n\r\n<p>Some of the areas that make up the magic of advanced analytics include machine learning and artificial intelligence, semantic and graph analysis, data and text mining, complex event processing, pattern matching, predictive analytics, data visualizations, sentiment analysis, network, and cluster analysis, multivariate statistics, simulation, neural networks, and the list is constantly growing as new techniques are invented and adapted to the data analytics world.<\/p>\r\n\r\n\r\n\r\n<p>Data mining, a key aspect of advanced analytics, is an automated method that extracts usable information from massive sets of raw data. <a href=\"\/glossary\/big-data-basics\/\">Big data analytics<\/a> are used for finding existing insights and creating connections between data points and sets, as well as cleaning data. Predictive analytics can use these clean sets and existing insights to extrapolate and make predictions and projections about future activity, trends, and consumer behaviors.<\/p>\r\n\r\n\r\n\r\n<p><strong>Augmented Analytics: Learn How AI and ML Work For You<\/strong><\/p>\r\n\r\n<p><a class=\"action-btn \" href=\"\/whitepapers\/augmented-analytics-the-future-of-business-intelligence\/\" target=\"_blank\" rel=\"noopener noreferrer\">Get the free whitepaper<\/a><\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\" id=\"usage\">What can advanced analytics do for me?<\/h2>\r\n\r\n\r\n\r\n<p>Because it involves so many disciplines and has such broad applicability, there are several excellent use cases for advanced analytics. Marketing departments can find a lot of value in these tools, as much of their work involves understanding consumer preferences and deciphering how they will evolve or what targets they might aim at in the future. This can help plan strategies and campaigns further in advance with more confidence and precision.<\/p>\r\n\r\n\r\n\r\n<p>Inventory and warehouse managers can also benefit from BI tools that include advanced analytics. By understanding outflows and comparing them to sales, previous orders, and other datasets, they can expedite their ordering processes and reduce waste caused by purchasing inventory that won\u2019t be sold or moved in short order.<\/p>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n<p>Even <a href=\"\/solutions\/manufacturing\/\">manufacturers and other organizations that use machinery<\/a> can employ advanced analytics to create self-maintaining systems as well as early reporting to prevent costly wear and tear. For these companies, creating early-alert systems can prove enough to help save thousands in repair and equipment costs.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\" id=\"solution\">Advanced analytics solutions<\/h2>\r\n\r\n\r\n\r\n<p>An advanced BI and analytics platform like Sisense is an essential tool for these teams, or any department, to simplify complex data into easy-to-use dashboards. Sisense uses <a href=\"\/ai-analytics-platform\/\">advanced analytics solutions<\/a> to connect disparate data in order to create an accurate canvas of your company\u2019s operations \u2014 in real time, with its incredibly fast analytical processing power. Then, you can use those dashboards and visualizations to make reliable predictions and generate actionable <a href=\"\/ai-analytics-platform\/\">BI insights<\/a> on a deeper level.<\/p>\r\n\r\n\r\n\r\n<p><strong>Augmented Analytics: <strong>Learn<\/strong><\/strong> <strong>How AI and ML Work For You<\/strong><\/p>\r\n\r\n<p><a class=\"action-btn \" href=\"\/whitepapers\/augmented-analytics-the-future-of-business-intelligence\/\" target=\"_blank\" rel=\"noopener noreferrer\">Get the free whitepaper<\/a><\/p>\r\n\r\n\r\n\r\n\r\n\r\n<p><a class=\"action-btn \" href=\"\/resources\/glossary\/\">Back to Glossary<\/a><\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Advanced analytics is an umbrella term for a group of high-level methods and tools that can help you get more out of your data. The predictive capabilities of advanced analytics can be used to forecast trends, events, and behaviors.<\/p>\n","protected":false},"featured_media":7943,"template":"","meta":{"_acf_changed":false,"_searchwp_excluded":"","_links_to":"","_links_to_target":""},"application":[46,26],"department":[5,6,21,7],"glossary-category":[28],"industry":[471,420,427,428,430],"role":[19,16,18,17],"topic":[24,195,66],"class_list":["post-7941","glossary","type-glossary","status-publish","has-post-thumbnail","hentry","application-bi-analytics-teams","application-product-teams","department-customer-service","department-it","department-product","department-sales-marketing","glossary-category-data-science","industry-industrial-manufacturing","industry-logistics-transportation","industry-operations-logistics","industry-pharma-life-sciences","industry-supply-chain","role-analyst","role-business-user","role-data-engineer","role-developer","topic-bi-best-practices","topic-data-sources","topic-visualizations"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.5 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Is Advanced Analytics? | Sisense<\/title>\n<meta name=\"description\" content=\"Advanced analytics predicts future trends, giving organizations the ability to perform advanced statistical models such as &quot;what-if&quot; calculations.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sisense.com\/glossary\/advanced-analytics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Advanced Analytics\" \/>\n<meta property=\"og:description\" content=\"Advanced analytics is an umbrella term for a group of high-level methods and tools that can help you get more out of your data. The predictive capabilities of advanced analytics can be used to forecast trends, events, and behaviors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.sisense.com\/glossary\/advanced-analytics\/\" \/>\n<meta property=\"og:site_name\" content=\"Sisense\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-24T09:13:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.sisense.com\/wp-content\/uploads\/sisense-yoast-og.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@sisense\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.sisense.com\/glossary\/advanced-analytics\/\",\"url\":\"https:\/\/www.sisense.com\/glossary\/advanced-analytics\/\",\"name\":\"What Is Advanced Analytics? | Sisense\",\"isPartOf\":{\"@id\":\"https:\/\/www.sisense.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.sisense.com\/glossary\/advanced-analytics\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.sisense.com\/glossary\/advanced-analytics\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.sisense.com\/wp-content\/uploads\/laptop-graph.jpg\",\"datePublished\":\"2018-06-12T04:00:00+00:00\",\"dateModified\":\"2024-09-24T09:13:55+00:00\",\"description\":\"Advanced analytics predicts future trends, giving organizations the ability to perform advanced statistical models such as \\\"what-if\\\" calculations.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.sisense.com\/glossary\/advanced-analytics\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.sisense.com\/glossary\/advanced-analytics\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.sisense.com\/glossary\/advanced-analytics\/#primaryimage\",\"url\":\"https:\/\/cdn.sisense.com\/wp-content\/uploads\/laptop-graph.jpg\",\"contentUrl\":\"https:\/\/cdn.sisense.com\/wp-content\/uploads\/laptop-graph.jpg\",\"width\":639,\"height\":446,\"caption\":\"laptop graph\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.sisense.com\/glossary\/advanced-analytics\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.sisense.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Advanced Analytics\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.sisense.com\/#website\",\"url\":\"https:\/\/www.sisense.com\/\",\"name\":\"Sisense\",\"description\":\"Build your business with anywhere-analytics\",\"publisher\":{\"@id\":\"https:\/\/www.sisense.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.sisense.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.sisense.com\/#organization\",\"name\":\"Sisense\",\"url\":\"https:\/\/www.sisense.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.sisense.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cdn.sisense.com\/wp-content\/uploads\/sisense-yoast-og.jpg\",\"contentUrl\":\"https:\/\/cdn.sisense.com\/wp-content\/uploads\/sisense-yoast-og.jpg\",\"width\":1200,\"height\":600,\"caption\":\"Sisense\"},\"image\":{\"@id\":\"https:\/\/www.sisense.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/sisense\",\"https:\/\/www.linkedin.com\/company\/sisense\",\"https:\/\/github.com\/sisense\/\"],\"description\":\"Sisense accelerates product innovation through AI\/ML capabilities. Our global analytics platform lets customers drive better, faster decisions for their business and end users.\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What Is Advanced Analytics? | Sisense","description":"Advanced analytics predicts future trends, giving organizations the ability to perform advanced statistical models such as \"what-if\" calculations.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.sisense.com\/glossary\/advanced-analytics\/","og_locale":"en_US","og_type":"article","og_title":"Advanced Analytics","og_description":"Advanced analytics is an umbrella term for a group of high-level methods and tools that can help you get more out of your data. The predictive capabilities of advanced analytics can be used to forecast trends, events, and behaviors.","og_url":"https:\/\/www.sisense.com\/glossary\/advanced-analytics\/","og_site_name":"Sisense","article_modified_time":"2024-09-24T09:13:55+00:00","og_image":[{"width":1200,"height":600,"url":"https:\/\/cdn.sisense.com\/wp-content\/uploads\/sisense-yoast-og.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@sisense","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.sisense.com\/glossary\/advanced-analytics\/","url":"https:\/\/www.sisense.com\/glossary\/advanced-analytics\/","name":"What Is Advanced Analytics? | Sisense","isPartOf":{"@id":"https:\/\/www.sisense.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.sisense.com\/glossary\/advanced-analytics\/#primaryimage"},"image":{"@id":"https:\/\/www.sisense.com\/glossary\/advanced-analytics\/#primaryimage"},"thumbnailUrl":"https:\/\/cdn.sisense.com\/wp-content\/uploads\/laptop-graph.jpg","datePublished":"2018-06-12T04:00:00+00:00","dateModified":"2024-09-24T09:13:55+00:00","description":"Advanced analytics predicts future trends, giving organizations the ability to perform advanced statistical models such as \"what-if\" calculations.","breadcrumb":{"@id":"https:\/\/www.sisense.com\/glossary\/advanced-analytics\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.sisense.com\/glossary\/advanced-analytics\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.sisense.com\/glossary\/advanced-analytics\/#primaryimage","url":"https:\/\/cdn.sisense.com\/wp-content\/uploads\/laptop-graph.jpg","contentUrl":"https:\/\/cdn.sisense.com\/wp-content\/uploads\/laptop-graph.jpg","width":639,"height":446,"caption":"laptop graph"},{"@type":"BreadcrumbList","@id":"https:\/\/www.sisense.com\/glossary\/advanced-analytics\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.sisense.com\/"},{"@type":"ListItem","position":2,"name":"Advanced Analytics"}]},{"@type":"WebSite","@id":"https:\/\/www.sisense.com\/#website","url":"https:\/\/www.sisense.com\/","name":"Sisense","description":"Build your business with anywhere-analytics","publisher":{"@id":"https:\/\/www.sisense.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.sisense.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.sisense.com\/#organization","name":"Sisense","url":"https:\/\/www.sisense.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.sisense.com\/#\/schema\/logo\/image\/","url":"https:\/\/cdn.sisense.com\/wp-content\/uploads\/sisense-yoast-og.jpg","contentUrl":"https:\/\/cdn.sisense.com\/wp-content\/uploads\/sisense-yoast-og.jpg","width":1200,"height":600,"caption":"Sisense"},"image":{"@id":"https:\/\/www.sisense.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/sisense","https:\/\/www.linkedin.com\/company\/sisense","https:\/\/github.com\/sisense\/"],"description":"Sisense accelerates product innovation through AI\/ML capabilities. Our global analytics platform lets customers drive better, faster decisions for their business and end users."}]}},"_links":{"self":[{"href":"https:\/\/www.sisense.com\/wp-json\/wp\/v2\/glossary\/7941"}],"collection":[{"href":"https:\/\/www.sisense.com\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/www.sisense.com\/wp-json\/wp\/v2\/types\/glossary"}],"version-history":[{"count":0,"href":"https:\/\/www.sisense.com\/wp-json\/wp\/v2\/glossary\/7941\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sisense.com\/wp-json\/wp\/v2\/media\/7943"}],"wp:attachment":[{"href":"https:\/\/www.sisense.com\/wp-json\/wp\/v2\/media?parent=7941"}],"wp:term":[{"taxonomy":"application","embeddable":true,"href":"https:\/\/www.sisense.com\/wp-json\/wp\/v2\/application?post=7941"},{"taxonomy":"department","embeddable":true,"href":"https:\/\/www.sisense.com\/wp-json\/wp\/v2\/department?post=7941"},{"taxonomy":"glossary-category","embeddable":true,"href":"https:\/\/www.sisense.com\/wp-json\/wp\/v2\/glossary-category?post=7941"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/www.sisense.com\/wp-json\/wp\/v2\/industry?post=7941"},{"taxonomy":"role","embeddable":true,"href":"https:\/\/www.sisense.com\/wp-json\/wp\/v2\/role?post=7941"},{"taxonomy":"topic","embeddable":true,"href":"https:\/\/www.sisense.com\/wp-json\/wp\/v2\/topic?post=7941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}