Aravali College of Engineering and Management,

Faridabad

Department of Computer Science & Engineering(July – Dec 2020)

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SESSION ON

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What is common among all of them?

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Data , Information and Knowledge Data The most elementary description of things, events, activities and transactions. (Raw, Facts and Figures.) Information Organized Data that has meaning and value. Knowledge The concept of understanding information based on recognized patterns in a way

that provide insight to information.In computing, data is information that has been translatedinto a form that is efficient for movement or processing. Datacan exist in a variety of forms as numbers or text on pieces ofpaper, as bits and bytes stored in electronic memory, or asfacts stored in a person's mind.

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ANALYTICS

Analytics is the discovery, interpretation, and communication of meaningful patterns in data and applying those patterns

towards effective decision making Analytics is an encompassing and multidimensional field that uses mathematics, statistics, predictive modeling and machine learning techniques to find

meaningful patterns and knowledge in recorded data.

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What is DATA ANALYTICS?

Data analysis is a process of inspecting, cleansing, transforming, and modeling data. Data analytics refers to qualitative and quantitative techniques and processes used to enhance productivity and business gain.

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Why DATA ANALYTICS?

Data Analytics is needed in Business to Consumer applications (B2C). Organizations collect data that they have gathered from customers, businesses, economy and practical experience. Data is then processed after gathering and is categorized as per the requirement and analysis is done to study purchase patterns and etc.

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PROCESS OF DATA ANALYTICS

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IMPORTANCE OF DATA ANALYTICS

Predict customer trends and behaviorsAnalyze, interpret and deliver data in meaningful

waysIncrease business productivityDrive effective decision-making05/22/2023 9

FOUR TYPES OF ANALYTICS WE PERFORM

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UNDERSTANDING VARIOUS TYPES OF DATA ANALYTICS

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TRUTH ABOUT DATA ANALYTICS

Data analytics for businesses that want to make good use of the data that they are taking in. Businesses that can use data analytics properly are more likely than others to succeed and thrive. But with all of the advantages of data analytics, the key benefits can be described in this way:

Data analytics reduces the costs associated with running a business.

It cuts down on the time needed to come to strategy-defining decisions.

Data analytics help to more-accurately define customer trends. Determining

the Effectiveness of Your Analytics Program

Given the growing familiarity and popularity of data analytics, there are a number of advanced analytics programs available on the market. As such, there are certain traits to look for in any analytics solution that will help you gage just how effective it will be in improving your business.

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APPLICATIONS in following areas

Fraud and Risk Detection

Healthcare

Internet Search

Targeted Advertising

Website Recommendations

Advanced Image Recognition

Speech Recognition

Airline Route Planning

Gaming05/22/2023 13

REQUIREMENT FOR DATA ANALYSTS

Data analysis jobs are everywhere and they are bound to increase!

Here are some facts and figures to highlight this: “2.5 billion gigabytes (GB) of data was generated every day in 2012. (IBM) International Business Machines”

Going by the statistics, by 2022, about 1.7 megabytes of new information will be created every second for every human! Well, that’s huge. Very huge. Companies will need more and more data specialists to analysis and manage the data generated.

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ANALYTICS TOOLS

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Aravali College of Engineering And ManagementJasana, Tigoan Road, Neharpar, Faridabad, Delhi NCR

Toll Free Number : 91- 8527538785Website : www.acem.edu.in