Data analytics is the process of examining and extracting insights and knowledge from data using statistical, mathematical, and computational techniques. It involves collecting, cleaning, and preparing data, and then using tools and techniques such as machine learning, data mining, and statistical analysis to extract insights and knowledge from it. Learn Data Analytics
Data analytics can be used in a variety of contexts, such as business, finance, healthcare, education, and government. It can help organizations make better decisions, improve efficiency, and gain a competitive advantage by providing them with insights and knowledge about their operations, customers, and markets.
There are several types of data analytics, including:
- Descriptive analytics: This involves describing and summarizing data using statistical techniques, such as mean, median, and standard deviation.
- Diagnostic analytics: This involves looking at data over time to identify trends and patterns, and using this information to understand why certain events occurred.
- Predictive analytics: This involves using data and statistical models to make predictions about future events.
- Prescriptive analytics: This involves using data and statistical models to recommend actions that can be taken to achieve a certain outcome.
Data analytics requires a combination of technical skills, such as programming and statistical analysis, and business skills, such as problem-solving and communication. Many universities and colleges offer data analytics programs at the undergraduate and graduate levels, and there are also professional certification programs available.