Analytics …whats this is all about
Analytics is all about information hidden deep inside data which is extracted using systematic analysis of data or using Statistics, It revolves around mathematics and statistics to derive value from data( mostly historical data)
but why is this so important today, will from past many decades we have huge advancements in the field of software and hardware, which contributes hugely to advancement of this field and become affordable to us. The very first data collected for analysis was around 1749 by Swedish government ,after that there are many events happened which have fueled knowledge discovery for many century, it led to development of many algorithms, Technics and software’s which all are incorporated in modern-day technology, with Hugh opportunity in analytics and the growth of bigdata, it’s now helping us in solving problems right from predicting election results to developing new medicine, from preventing frauds to finding valuable customers.
analytical solutions are implemented using various software programs and tools such as SAS, R, Python, SPSS, Stata to name a few.even there are many online tools such as Google Analytics, Amazon Cloud etc where you just need to upload data and program as per our need.
analytics is touching our life and whether we know or not it’s helping us, our organizations and the world around us.