Everyone wants to be predicting & prescribing. Meanwhile almost all are just describing, when most should be diagnosing. Here's why:
Every level of analytics has it place.
Just like your tools in your tech stack.
BUT diagnostic analytics gets to the 'WHY' of what happened.
This gives the end user:
- informed decision making
- understanding of root causes
- the chance to proactively problem solve
- ability to optimize resources on what matters
- competitive advantage since most people are stuck describing
Focusing on getting good at diagnostic analytics enhances the data team by:
- better serving the organization
- preparing them for better predictive analytics
- setting their end users up for successful business
If you aren't diagnosing business problems with your work, start today.
Stay nerdy my friends!
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Four types of Analytics