What is Data Analytics? Definition, Uses

Data Analytics Classes in Pune What is Data Analytics?
Data Analytics is the activity of reviewing, structuring, and understanding raw data to find valuable information, make conclusions, and assist in decision-making. It involves statistical analysis, technology, and subject-matter expertise to transform data into decisive insights.

Definition:
Data Analytics is the process of systematic computational processing of data. It is the process of examining, cleaning, transforming, and modeling the data in a way to identify patterns, draw conclusions, and make decisions.

Data Analytics Types:
Descriptive Analytics – What happened?
Distills past data to find trends and patterns (e.g., monthly sales reporting).

Diagnostic Analytics – Why did it happen?
Browses deeper into data to know reasons behind events (e.g., analysis of customer churn).

Predictive Analytics – What will most likely occur?
Makes predictions based on statistical models and machine learning (e.g., demand forecasting).
Suggests action based on algorithms and simulations (e.g., route optimization).

Typical Applications of Data Analytics:
Industry\tUse Case
Business\tMarket analysis, Data Analytics Course in Pune customer segmentation, sales forecasting
Healthcare\tDiagnosis of patients, effectiveness of treatments, operational effectiveness
Finance\tDetection of fraud, risk analysis, algorithmic trading
Retail\tInventory optimization, price strategy, customer behavior
Sports\tAnalysis of player performance, injury prediction
Education\tTracking of student performance, optimization of curriculum
Government
Policy impact assessment, resource allocation, crime pattern analysis

Tools Typically Used:
Excel – Basic analysis and dashboards
SQL – Data querying
Python / R – Advanced analytics, machine learning
Tableau / Power BI – Data visualization
Do you want to find out how data analytics Data Analytics Training in Pune is applied in a particular industry or career path?

When did data analytics start gaining popularity

Data Analytics Classes in Pune Data analytics gained popularity mainly from the 1990s and early 2000s, spurred by the following major factors:

Digital Data Explosion: The growth of the internet, e-business,
and digital accounting produced enormous volumes of data that organizations sought to make sense of and capitalize on.
Computing Power Improvements: Increased computational speeds and lower
costs for computers enabled the processing and analysis of vast databases that were too large in the past.
Emergence of Business Intelligence Tools: Tools such as early Tableau, Microsoft Excel enhancements, and other BI tools enabled data analysis to become more accessible to businesses.
Data Analytics Course in Pune
Rise of Data Mining: Methods of extracting trends and patterns from large datasets became more sophisticated and feasible.
Expansion of Analytics in Marketing and Finance: Businesses saw how useful data insights were for targeting customers,
identifying fraud, and making investment decisions.
Since then, data analytics has only grown more popular and essential, especially with the rise of big data and machine learning in the 2010s
and beyond.
Want me to explain how a specific industry or company popularized data analytics?
Data Analytics Training in Pune