![]() |
What is Data Analytics? Definition, Uses - Printable Version +- Ipoh Community Forums (https://forums.ipoh.com.my) +-- Forum: News and Current Affairs (https://forums.ipoh.com.my/forum-11.html) +--- Forum: Local News (https://forums.ipoh.com.my/forum-12.html) +--- Thread: What is Data Analytics? Definition, Uses (/thread-15836.html) |
What is Data Analytics? Definition, Uses - arushshikhare - 07-28-2025 Data Analytics Classes in Pune What is Data Analytics? Data Analytics is the activity of reviewing, structuring, and understanding raw data to find valuable information, make conclusions, and assist in decision-making. It involves statistical analysis, technology, and subject-matter expertise to transform data into decisive insights. Definition: Data Analytics is the process of systematic computational processing of data. It is the process of examining, cleaning, transforming, and modeling the data in a way to identify patterns, draw conclusions, and make decisions. Data Analytics Types: Descriptive Analytics – What happened? Distills past data to find trends and patterns (e.g., monthly sales reporting). Diagnostic Analytics – Why did it happen? Browses deeper into data to know reasons behind events (e.g., analysis of customer churn). Predictive Analytics – What will most likely occur? Makes predictions based on statistical models and machine learning (e.g., demand forecasting). Suggests action based on algorithms and simulations Data Analytics Course in Pune (e.g., route optimization). Typical Applications of Data Analytics: Industry\tUse Case Business\tMarket analysis, customer segmentation, sales forecasting Healthcare\tDiagnosis of patients, effectiveness of treatments, operational effectiveness Finance\tDetection of fraud, risk analysis, algorithmic trading Retail\tInventory optimization, price strategy, customer behavior Sports\tAnalysis of player performance, injury prediction Education\tTracking of student performance, optimization of curriculum Government Policy impact assessment, resource allocation, crime pattern analysis Tools Typically Used: Excel – Basic analysis and dashboards SQL – Data querying Python / R – Advanced analytics, machine learning Tableau / Power BI – Data visualization Do you want to find out how data analytics is applied in a particular Data Analytics Training in Pune industry or career path? |