DATA ANALYTICS

DATA ANALYTICS

As a term, data analytics predominantly refers to an assortment of applications, from basic business intelligence (BI), reporting and online analytical processing (OLAP) to various forms of advanced analytics. In that sense, it's similar in nature to business analytics, another umbrella term for approaches to analyzing data. The difference is that the latter is oriented to business uses, while data analytics has a broader focus. The expansive view of the term isn't universal, though: In some cases, people use data analytics specifically to mean advanced analytics, treating BI as a separate category.

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Data analytics is the science of analyzing raw data to make conclusions about that information. Data analytics help a business optimize its performance, perform more efficiently, maximize profit, or make more strategically-guided decisions.

Predictive data analytics. Predictive analytics may be the most commonly used category of data analytics. ...

Prescriptive data analytics. ...

Diagnostic data analytics. ...

Descriptive data analytics.

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