Introducing Data Analytics Courses in PuneIn the day of the internet, data analytics has acquired an important place. Earlier, data analytics were not looked at much since there was a dearth of calculating power, but more so because of a profound lack of collecting power, i.e, collection of data. But now every business is making its decisions based on data analytics, infact all strategic decisions are based on the analytical representation of Data that is collected and colated over the period of time.Even professionals not trained in statistics or mathematics are getting into this field with a little training and use of computing tools and models. Use of data analytics has lead to focus of energy to the customers most likely to buy your products. It has lead to targeted focus of the right kind advertisement for the right customers.Europe innovation business school brings you a course on data analytics right here in Pune. Just visit EIUBS at http://www.eiubs.eu to know more about it.
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What is Data Analytics
Data analytics is:Techniques and processes used to enhance
productivity and business gain.
Data is collected and categorized to Identify and Analyze the
behaviour and patterns of subjectsData Analysis was done earlier
too, but with internet in every part of our life, data analysis is
not guess work anymore, its science. Data analytics is so big today
because of:
Better data collectionBetter data miningMore processing powerWhy
Data Analytics in NewsAirline prices changes every hourFacebook
recommending friendsSome customers getting more discounts from
sites like Flipkart than othersRailways & shipping companies
using sensors on every vehicle to schedule maintenanceGovernment
using Aadhar card usage to build schools and clinicsExamples of
Data Analytics in workThree Types Descriptive analytics Predictive
analytics Prescriptive analyticsMost Raw Data, especially Big Data,
is not suitable for human consumption. But the information we
derive from the data isThe purpose of Descriptive Analytics is to
summarise Describe - what happened. Descriptive Analytics80% of
business data analytics, notably social analytics is
descriptivePredictive Analytics is used to forecast not to tell
what will happen in futurePredictive AnalyticsThis type of
analytics is increasingly used after the onset of Big DataUse
various techniques of statistics, data mining, modelling &
machine learningPredictive Analytics is used to recommend course of
actionPrescriptive AnalyticsDoesnt predict one future, but many
depending upon decision makers actionNeeds to have actionable data
(data that can be acted upon) & a feedback mechanismAs big data
gets into every nook and corner, the demand for data analytic
skills is seeing no end .. and this would remain for some time.
Career in Data AnalyticsWelcome to the Brave New WorldOf Data
Analytics
