Diagnostic Analytics

Diagnostic analytics is the type of analytics that gets into “root-cause” analysis, and data discovery and exploration. It starts during the descriptive analytics phase and extends into predictive analytics.

Interactive visualizations can uncover patterns and correlations which provide insights that drive predictive models, thus providing a deeper understanding into the business, and provide information required to develop accurate predictive models.

Diagnostic analytics can be used to provide an understanding on cross-functional data, details required for a root-cause analysis, strategy development and accountability revolving around cost, profit and risk, negative performance variations such as increases in costs and reductions in profits, positive attributes of performance.

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