Data analytics is the process of transforming raw data into actionable insights. It involves a variety of techniques and tools used to collect, organize, and analyze data to find trends and solve problems. Businesses use data analytics to improve decision-making, optimize processes, and gain a competitive edge.
Here's a breakdown of key points about data analytics:
Goal: Convert raw data into meaningful insights.
Process: Involves data collection, transformation, analysis, and visualization.
Techniques: Employs math, statistics, and computer science to extract knowledge from data.
Benefits: Enables better decision-making, process optimization, and business growth.
Data analytics is a broad field encompassing various tasks, from basic data cleaning to complex modeling and prediction.