What is Data Analytics?
Data Analytics is the process of examining data sets in order to draw conclusions about the information they contain, increasingly with the aid of specialized systems and software. Data analytics technologies and techniques are widely used in commercial industries to make more informed business decisions and by scientists and researchers to verify or disprove scientific models, theories and hypotheses. Data Analytics refers to an assortment of applications from basic business intelligence (BI), reporting and online analytical processing (OLAP) to various forms of advanced analytics. In that sense, it is similar to business analytics, another umbrella term for approaches to analyzing data - with the difference that the latter is oriented to business uses, while data analytics has a broader focus. Advantages of Data Analytics The advantages of Data Analytics are in boosting business performance by:- Increasing Business Revenues Improve Operational Efficiency Optimize Marketing...
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