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DIGITAL MARKETING Introduction to Data Analytics Examples
What is Data Analysis? Data analysis is defined as the process of cleansing, transforming, and modeling data to find useful information for business decisions. Data analysis is used to extract useful information from data so that decisions can be made based on that information.
Types of Data Analysis Data Analysis Types Include: Text Analysis Descriptive Analysis Inferential Analysis Diagnostic Analysis Predictive Analysis Prescriptive Analysis
Where Data Analytics can be used? In below sectors Data analytics can be useful Improving medical care benefits Local Communities Fighting Climate Change Providing Research Institutions with Trends Putting an End to Hackers Providing Clients with Helpful Items Managing Business Marketing Initiatives Encourage Utility Firms to Use Smart Energy Practices Developing the Insurance Sector Developing Sensible Manufacturer Warranties