Definition of «data analytics»

Data analytics refers to the process of collecting, analyzing and interpreting large sets of data in order to uncover useful insights and information. It involves using various statistical techniques and software tools to identify patterns, trends and relationships within the data that can help organizations make more informed decisions. Data analytics is widely used across many industries including finance, healthcare, marketing, retail, and technology among others, as a way of gaining valuable insights into customer behavior, business performance, and overall strategy. By utilizing data analytics, companies can better understand their customers, improve their products or services, optimize operations, and ultimately drive growth and profitability.

Sentences with «data analytics»

  • It is investigating 30 organizations, including social media firms, data analytics firms and political parties. (cnbc.com)
  • That, combined with big data analytics using data science methods, allows the robo advisor to choose the investments that best match your desired rate of return in conjunction with your risk appetite. (simplethriftyliving.com)
  • The business world has been investing billions in data analytics tools for a generation in order to understand and manage their risks. (californiasupremecourtreview.com)
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