What is Data Analytics?
It is the science of analyzing raw data in order to make inferences out of it. The information can be used to optimize and streamline the overall efficiency of the business. The various types of data analytics are: Descriptive analytics, Diagnostic analytics, Predictive analytics, Prescriptive analytics
Business benefits of data analytics
- Enables understanding of the current market
- Identifies potential problems
- Improves decision making
- Saves money.