descriptiveanalytic

Descriptiveanalytic is a term used to describe the process of analyzing data to understand what has happened in the past. This type of analysis focuses on summarizing and describing historical data, rather than predicting future outcomes or prescribing actions. It involves the use of various techniques such as data aggregation, visualization, and statistical methods to identify patterns, trends, and relationships within the data. The goal is to provide a clear and concise picture of past events, performance, or conditions.

Commonly, descriptive analytics employs tools like dashboards, reports, and charts to present key metrics and insights. For example, a business might use descriptive analytics to understand its sales performance over the last quarter, identifying which products sold best and in which regions. This retrospective view helps in understanding the current state of affairs and forms the foundation for further analytical endeavors. It answers the question "What happened?". Unlike other forms of analytics like diagnostic, predictive, or prescriptive, descriptive analytics does not delve into the reasons behind the observed phenomena or suggest future courses of action. It serves as a crucial first step in the data analysis journey, providing the necessary context and understanding of historical data.