IT Firm Strategy
Descriptive analytics refers to the processes and techniques used to summarize historical data and provide insights into what has happened in a business or organization. It helps organizations understand their past performance through data analysis, enabling them to make informed decisions based on trends, patterns, and statistics. This form of analytics serves as the foundation for more advanced types of analytics, such as predictive and prescriptive analytics, making it crucial in shaping IT strategies.
congrats on reading the definition of descriptive analytics. now let's actually learn it.