What Is Data Analytics: How Is It Different From Data Science? atoallinks.com/2022/what-is-data-analytics-how-is-it-different-from-data-science
Education Data Analytics is the process of extracting useful insights out of a data set. In addition, it includes the analysis, collection, organization, and storage of data. The main objective of this process is to improve the company’s performance and help it in making data-driven decisions.
Types Of Data Analytics. Descriptive analytics- This type of Analytics focuses on answering the question ” What Happened”. In addition, the primary goal of conducting this analysis is to give valuable insights about past activities without telling its reason. Diagnostic analytics- Diagnostic analytics analyzes the past data to know “Why something has happened in the past.” In addition, it provides in-depth insights into a specific problem. Predictive analytics- This analytics type tells a business, “What is most likely to happen” in near future. In addition, it makes forecasting about the future activities and helps a business prepare for those upcoming threats or opportunities. Prescriptive analytics- As its name suggests, prescriptive analytics is responsible for prescribing ” What actions to take”. Moreover, it needs external as well as internal data to assists in eliminating a future problem.
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