Big Data

360DigiTMG – Data Science Course in Navi Mumbai

Data analytics is the fastest growing buzzword in the world of business, and it has the potential to disrupt the traditional business systems as we have known it. As we can understand from the name, Data Analytics is related to mining and studying of structured and unstructured data and retrieving the desired result from this. Its increasing importance is being backed by the large amount of generation of data which is collectively known as Big Data.

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360DigiTMG – Data Science Course in Navi Mumbai

Introduction 

Data analytics is the fastest growing buzzword in the world of business, and it has the potential to disrupt the traditional business systems as we have known it. As we can understand from the name, Data Analytics is related to mining and studying of structured and unstructured data and retrieving the desired result from this. Its increasing importance is being backed by the large amount of generation of data which is collectively known as Big Data. When it comes to Big Data, its size is so big that advanced ways are needed to handle it. Traditional tools cannot keep up with the volume and velocity with which Big Data is being generated, and this is where we turn to Data Analytics.

For more information please click her 360DigiTMG – Data Science Course in Navi Mumbai

What is Analytics?

Analytics has been developed from a Greek word “analyticos” which means something involving analysis. In the simplest technical language, analytics is the analysis of very large sets of data with the use of mathematics, computer software and statistics. It’s quite different from general analysis since it is related to data which can be operated by special software of programming languages. The purpose of analytics is to use the data into building models that can help business in making better decisions. 

Types of Data Analytics

 

  • Descriptive Analytics: This refers to what we’ve traditionally done with the data. It gives us a picture of what has happened before and help us in studying whether a plan or technique is going successfully. Simply stated, it is like a report. It is reactive in nature.

 

  • Predictive Analytics: This is where the advance form of analytics begins. As the name suggests, predictive analytics help businesses in understanding what is going to happen in future. It helps the businesses in forecasting probable behaviors and outcomes of a particular technique. It is proactive in nature.
  • Prescriptive Analytics: It is closely related to predictive analytics. Once, we’ve understood what is going to happen in future, we can easily take action either to take benefit from it or to prevent the worst outcomes. This analytics is also proactive. 

 

 

Languages and Tools for Data Analytics

Initially, the tools which could perform analytics were available only by licensing and companies had to invest large money to work on them. But the time has changed and there are myriads of open source solutions. 

The easiest and most used tools in Data analytics are Python and R. Both of them offer facilities such as Data manipulation, integration, cleansing, calculations and displaying. 

Uses of Data Analytics

 

  • Text Analytics: Most of the interaction that happens on the internet is in the form of texts. It is the unstructured data and in order to work on it, companies need to install tools which can deal with on a large scale. 

 

  • HR Analytics: Employee attrition is the biggest problem for companies. Using data analytics, professionals can develop algorithms which can predict the intentions of the employees.

  • Advanced Payments: The transaction is getting more and more digital and data analytics gives companies a chance to track the choices of the customers.

 

 

In addition, Data Analytics is also providing great help in the prevention of crime, healthcare, finance, weather forecasting, agriculture etc.

Resource Box

The career opportunities in the field of Data Analytics are enormous, and if there’s a perfect time to learn Data Analytics, it is now. Get enrolled in the Data Analytics Course in India and give wings to your career. 

For more information please click her 360DigiTMG – Data Science Course in Navi Mumbai

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