data analytics coursesData analytics is the process of examining datasets to draw conclusions about the information they contain, often using specialized systems and software. It involves collecting, transforming, and organizing data to identify trends, patterns, and insights that can inform decision-making and drive strategic actions.
Types of Data Analytics:
Descriptive Analytics: Focuses on summarizing past data to understand what has happened.
Diagnostic Analytics: Investigates the reasons behind past events to understand why something occurred.
Predictive Analytics: Uses historical data to forecast future trends and outcomes.
Prescriptive Analytics: Provides recommendations on actions to take based on the insights derived from the data.
Common Data Analytics Techniques:
Regression Analysis: Examines the relationship between variables to predict outcomes.
Factor Analysis: Reduces the number of variables in a dataset to identify underlying factors.
Cohort Analysis: Groups data into segments to analyze behavior over time.
Time Series Analysis: Analyzes data points collected over time to identify trends and patterns.
The future of data analytics is bright, with growing demand and exciting new trends shaping the field. Data analytics is becoming increasingly crucial for businesses across all sectors, driving decision-making and innovation. This growth is fueled by advancements in AI, machine learning, and cloud computing, leading to more sophisticated and accessible analytics capabilities.
Data analytics is the process of examining raw data to draw conclusions about that information. It involves using various techniques and tools to discover, interpret, and communicate meaningful patterns in data.
It’s used to support decision-making, improve business processes, and identify trends
Prescriptive analytics:Provides recommendations on actions to take to achieve desired results.
Data analytics salary
Data Analyst salaries in Hyderabad, India, range from ₹4L to ₹23L per year, with an average of ₹15.8L. Entry-level positions can start around ₹46,421 per month. Salaries vary based on experience, skills, and the specific company.