Data analytics software is the invention, intervention, and communication of meaningful patterns in data. Analytics involves applying data patterns toward important decisions. Analytics is also defined as the connection between data and important decisions making within an organisation.
Analytics uses the application of computer science to find the hidden pattern in data and discover new knowledge based on applied mathematics, Artificial Intelligence, Machine Learning and Predictive analytics. With faster and more advanced computers, the opportunity around us uses analytics and artificial intelligence.
Whether it is determining credit risk, developing and inventing new technology, developing a new medicine, finding an efficient method of delivering products, preventing frauds, predicting the most valuable customer, analytics helps to understand what leads to business success.
The recent development in technology has increased the potential and the opportunity of analytics. Reliable data, strong and better storage options, stronger computational power, advance computation and processing made it easy to apply analytic in every field.
The pressure of technology and analytics is striking us and data overload is not limited to the number of people within the organisation. As a result, the business organisation is continuously looking for ways to make analytics easily available to more users.
Descriptive analytics in social media Descriptive analytics is the modern form of data analytics which is the conventional form of Business intelligence and data analysis. Descriptive analytics seeks to provide a summary of the data in the form of graphs and reports. Descriptive analytics commonly used two main tools, Data Aggregation and Data Mining. It … Read more
Descriptive analytics in social media Descriptive analytics is the modern form of data analytics which is the conventional form of Business intelligence and data analysis. Descriptive analytics seeks to provide a summary of the data in the form of graphs and reports. Descriptive analytics commonly used two main tools, Data Aggregation and Data Mining. It … Read more
Social media analytics (SMA) are of four different forms, namely, descriptive analytics, diagnostic analytics, predictive analytics, and prescriptive analytics. There is a lot of data floating around on social media. Social media analytics is used for extracting valuable business insights from social media data. Social media analytics turns big data; semi-structured and unstructured data, into … Read more
Three types of Analytics More than trillions of GB data is being processed every second, companies are turning to analytics solutions to process a huge volume of data to extract useful information and improve decision making. Raw data is often storage of unstructured information. 3 primary types of analytics? Data analytics is the invention, interpretation … Read more
Data is something that an organisation hold and it can be presented in multiple formats. However,? rapid advances in technology have caused many changes in the data definition. Today, analyst and data scientist termed data as unstructured and machine-generated and something that is beyond corporate boundaries. Big data is the term used to describe a … Read more
Definition of Analytics Analytics is elaborating, predicting, inventing and communication of different patterns of data. Analytics uses data and maths to answer unpredictable questions, unsolved queries, discovering more about customer and business, and automate decisions. This diverse field of data science acts as a bridge which connects data and effective decision within the organisation. Analytics … Read more