DATA ANALYTICS VS DATA ANALYSIS

ANALYTICS AND ANALYSIS

DEFINITION OF ANALYTICS

The word analytics means the systematic computation of data or statistics. It means that the raw data collected through various sources, when organized in an order according a particular entity or attribute, provides some meaningful patterns then this organized data is called as analytics.

OR

In simple words, analytics means converting raw data into meaningful insights to make better decisions.

DEFINITION OF ANALYSIS

The word analysis means a detailed examination of anything complex (statistics or data) in order to understand its nature or to determine its essential features. It means it is a the process of understanding why a particular pattern had occurred or why a particular system had failed to deliver the required results or why a particular system had succeeded to deliver more than the required results and checking things in depth to fix the issue or to repeat that successful process.

ANALYTICS VS ANALYSIS

WHICH ONE SHOULD YOU OPT ?

Both data analytics and data analysis are essential for modern businesses. The two processes shouldn’t be seen as competing alternatives but as different forms of the same data intelligence process.

Data analytics is a good option for businesses that are looking to generate predictive models and need a more holistic data intelligence system that can help them streamline their operations.

Data analysis, on the other hand, is better suited for businesses that already have well-defined problems and are just looking to diagnose them and find solutions with the help of business intelligence systems.

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