Data

Analytics

Terms

7 terms

  • Business intelligence

    Business intelligence is the set of processes, data models and tools that turn organizational data into reports, dashboards and decision support.

  • Cohort analysis

    Cohort analysis groups users by a shared starting event, such as signup month, and tracks how each group behaves over time to reveal retention trends.

  • Descriptive analytics

    Descriptive analytics summarizes historical data into counts, totals, rates and trends that show what happened in a business or process over a period.

  • Diagnostic analytics

    Diagnostic analytics is the stage of data analytics that explains why a metric changed, using drill-down, segmentation and correlation analysis.

  • Funnel analysis

    Funnel analysis in analytics measures how many users complete each step of a defined sequence and where they drop off before the goal.

  • KPI

    A KPI (key performance indicator) is a metric with a target that analytics teams use to show whether a business is progressing toward a critical objective.

  • Predictive analytics

    Predictive analytics uses historical data, statistical models and machine learning to estimate future outcomes and guide business decisions in analytics.