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Traditional logic deals with proofs, arguments, and mathematics. Business Analytics is the logical compilation and conjugation of information retrieved by statistical facts, but subjectively formulated. For example, using the scenario Wikipedia offered about the bank portfolio, with two different reasons for using the same information one could quite possibly arrive at two different conclusions. However in traditional logic, there would only be one "correct" answer. That's my take on it, anyway. Please feel free to disagree with me and offer your interpretation. D-
Different "reasons" means different context (eg, axioms and semantics aren't the same). So I see no reason traditional logic would give a unique answer. Something about this article strikes me wrong. First, it doesn't seem to be about the "logic of analysis" since IMHO the scope is wrong for logic. Eg,
Analytics closely resembles statistical analysis and data mining, but tends to be based on physics modeling involving extensive computation.
None of these are a branch of logic in themselves. They would be useful tools, but they aren't logic in themselves. Second, the portfolio analysis isn't to my knowledge related to physics modeling. For example, the Black-Scholes model for pricing certain types of derivatives uses stochastic processes and stochastic differential equations which are also used in physics, but I have never seen a direct connection with any physical model.
And having read some pretty advanced work in both physics and economics, I can say that they have a different feel which IMHO indicates that there's little interaction between the two fields. Applying physics ideas to economic models seems to be a relatively recent phenomenon. In summary, the explanation for analytics doesn't add up to me. -- KarlHallowell 08:00, 7 August 2006 (UTC)
Analytics generated on an "extreme-scale" developed by software such as Raytheon RIOT or AT&T Nanocubes fall under which category of Analytics? Or, does "extreme-scale analytics" require a new article page for itself? Twillisjr (talk) 20:19, 2 August 2014 (UTC)