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Blogs on Data Analysis

What is Data Analytics?
As the process of analyzing raw data to find trends and answer questions, the definition of data analytics captures its broad scope of the field. However, it includes many techniques with many different goals.

The data analytics process has some components that can help a variety of initiatives. By combining these components, a successful data analytics initiative will provide a clear picture of where you are, where you have been and where you should go.

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Types of Data Analytics

Types of Data Analytics 1. Descriptive Summarizing raw data from multiple sources. Extract meaningful insights & drawing interpretations from past events. 2. Diagnostic Drilling down the data to identify the business problems. Examine the data to know the cause behind the problem. 3. Predictive Future trends & possibilities in market-based on current events. Optimizing business plans for the future. 4. Prescriptive Steps to remove the future problems & predict outcomes for optimizing business. Demands the usage of Artificial Intelligence & Big data.

29-Jul-2021
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