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Beneficial Point of data analytics

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Beneficial Point of data analytics

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Description

Data analytics examines data set

Data analytics examines data sets to conclude the information they contain. This process is typically performed with specialized software and tools. Data analytics is crucial for businesses and organizations because it provides insights to drive better decision-making, improve efficiency, and gain a competitive edge. Here’s a comprehensive overview of data analytics:

Types of Data Analytics

  1. Descriptive Analytics

    • Purpose: To understand what has happened in the past.

    • Techniques: Data aggregation and data mining.

    • Tools: Reporting tools, dashboards, and visualization tools (e.g., Tableau, Power BI).

    • Example: Summarizing sales data to identify trends and patterns.

  2. Diagnostic Analytics

    • Purpose: To understand why something happened.

    • Techniques: Drill-down, data discovery, and correlations.

    • Tools: Statistical analysis software (e.g., SAS, SPSS).

    • Example: Analyzing customer feedback to determine the cause of a drop in sales.

  3. Predictive Analytics

    • Purpose: To predict what is likely to happen in the future.

    • Techniques: Machine learning, forecasting, and statistical modeling.

    • Tools: Python, R, machine learning frameworks (e.g., Scikit-learn, TensorFlow).

    • Example: Predicting customer churn based on historical data.

Data Analytic Classes in Pune

 

Data Analytics Course in Pune

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Seller Info

Deepa verma

- 9136776660

Location

Office No.21 and 25 A Wing Shreenath Plaza 1st floor Dnyaneshwar Paduka, Chowk, Fergusson College Rd, Shivajinagar, Pune, Maharashtra 411005 (View Map)



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