Data Analytics

Home > Business > Information technology in business > Data Analytics

The study of analyzing and interpreting large datasets to make informed business decisions.

"Data analysis is the process of inspecting, cleansing, transforming, and modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making."
"In today's business world, data analysis plays a role in making decisions more scientific and helping businesses operate more effectively."
"Data analysis has multiple facets and approaches, encompassing diverse techniques under a variety of names, and is used in different business, science, and social science domains."
"Data mining is a particular data analysis technique that focuses on statistical modeling and knowledge discovery for predictive rather than purely descriptive purposes."
"Business intelligence covers data analysis that relies heavily on aggregation, focusing mainly on business information."
"In statistical applications, data analysis can be divided into descriptive statistics, exploratory data analysis (EDA), and confirmatory data analysis (CDA)."
"EDA focuses on discovering new features in the data."
"CDA focuses on confirming or falsifying existing hypotheses."
"Predictive analytics focuses on the application of statistical models for predictive forecasting or classification."
"Text analytics applies statistical, linguistic, and structural techniques to extract and classify information from textual sources."
"Data integration is a precursor to data analysis."
"All of the above are varieties of data analysis."
"Data analysis is closely linked to data visualization."
"Data analysis plays a role in making decisions more scientific and helping businesses operate more effectively."
"Data mining focuses on statistical modeling and knowledge discovery for predictive purposes."
"Business intelligence focuses mainly on business information."
"Data analysis can be divided into descriptive statistics, exploratory data analysis (EDA), and confirmatory data analysis (CDA)."
"EDA focuses on discovering new features in the data."
"CDA focuses on confirming or falsifying existing hypotheses."
"Text analytics applies statistical, linguistic, and structural techniques to extract and classify information from textual sources."