How a Data Analytics Marketplace Will Help Your Business?

1. How a Data Analytics Marketplace Will Help Your Business Every online business owner wants to enhance the performance of their business and increase the profits multi-fold. Like other organizations which are utilizing the benefits of data, you can also use the data analytics to reap all the benefits. But let us know how the business data is particularly important for analytics and how it can be used for enhancing the overall performance. The traffic data has become very essential for the business. The number of advertisements done cannot be compared to the real conversations happening between the people. When the traffic happens on our website people start conversing your offerings. They may like and some may not like specific products. Hence the data analysis of the traffic data becomes important to enhance the productivity of the business. You can find many tools in the Data analytics marketplace, but you must choose the best one for the business. The data analytics helps to know better of your customers, their offerings and how can you improve the product to increase your profitability and design. There are majorly four types of data analytics used by the organizations current •Prescriptive Analytics– These analytics is all about taking which important decision to take for the future. It identifies the potential problems and what is required to stay ahead of industry trends. The advanced technology like machine learning is used as the prescriptive analysis. •Predictive Analysis - It is required by the organization to take some proactive decision in reaching out to some end users for business growth. It helps in getting the tendencies and descriptive and diagnostic data analysis. •Diagnostic Analytics– It helps in getting the cause of positive and negative outcomes. It compares the descriptive data sets and identifies patterns and dependencies. •Descriptive Analytics – It examines the trend in the past like quarterly sales, monthly revenues, yearly traffics and so on. The organization spots the trends with these analytics. A freelance data scientist helps in all the analytics. They are responsible for a wide range of tasks like designing and maintaining data systems, data mining, using various statistical tools, preparing the reports, collaborating with programmers, and activities like creating documentations. They are expert in analysing the key performance indicators Econolytics have a team of highly skilled freelance data scientist working in a flexible and

2. convenience engagement model. They access the talent pool and select the right candidate for your business using AI. They are expert in wide areas of industry verticals from health care, insurance, manufacturing, retail to HR analytics.