What is Analytics?
The extensive use of data, statistical and quantitative analysis, explanatory and predictive models, and fact-based management to drive decisions and actions.
In easy way we can say:
" A scientific art of doing anything meaningful with data that makes business decision making more accurate & easier"
➢ Analytics is the application of: computer technology, statistics and domain knowledge to solve problems in business and industry, to aid efficient and effective decision making
➢ Analytics is simply the scientific process of converting raw data into knowledge to support decision making.
The goal of analytics is to improve business, society or personal performance by gaining knowledge from data.
Why is analytics used?
Make each and every dollar count and increase return on investment
Take real-time decisions
Industries using analytics
Important Tools Which used for Business Analytics
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