* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, July 1, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    A Secret Society, Ritualistic Killings, and a Century-Old Curse Netflix and YRF Entertainment’s ‘Mandala Murders’ Premieres July 25 – About Netflix

    A Secret Society, Ritualistic Killings, and a Century-Old Curse: Dive into the Chilling World of ‘Mandala Murders’ Premiering July 25

    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Owls inspire new revolutionary noise reduction technology – KTEN

    Owls inspire new revolutionary noise reduction technology – KTEN

    New center coming to Mizzou will focus on energy research and technology – Columbia Missourian

    Mizzou Launches Innovative New Center Dedicated to Energy Research and Technology

    Mirrors in space and underwater curtains: can technology buy us enough time to save the Arctic ice caps? – The Guardian

    Can Technology Like Space Mirrors and Underwater Curtains Buy Us Time to Save the Arctic Ice Caps?

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Emerging Memory and Storage Technology Market Analysis Report 2025-2034 | AI and HPC Boom Fuels Surging Demand for Fast, Low-Power Memory Devices – Yahoo Finance

    How AI and HPC Are Driving Explosive Growth in Fast, Low-Power Memory Technologies Through 2034

    Ostin Technology (OST): Volatility’s Warning or Contrarian Opportunity? – AInvest

    Ostin Technology (OST): Navigating Market Volatility – Red Flag or Hidden Opportunity?

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    A Secret Society, Ritualistic Killings, and a Century-Old Curse Netflix and YRF Entertainment’s ‘Mandala Murders’ Premieres July 25 – About Netflix

    A Secret Society, Ritualistic Killings, and a Century-Old Curse: Dive into the Chilling World of ‘Mandala Murders’ Premiering July 25

    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Owls inspire new revolutionary noise reduction technology – KTEN

    Owls inspire new revolutionary noise reduction technology – KTEN

    New center coming to Mizzou will focus on energy research and technology – Columbia Missourian

    Mizzou Launches Innovative New Center Dedicated to Energy Research and Technology

    Mirrors in space and underwater curtains: can technology buy us enough time to save the Arctic ice caps? – The Guardian

    Can Technology Like Space Mirrors and Underwater Curtains Buy Us Time to Save the Arctic Ice Caps?

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Emerging Memory and Storage Technology Market Analysis Report 2025-2034 | AI and HPC Boom Fuels Surging Demand for Fast, Low-Power Memory Devices – Yahoo Finance

    How AI and HPC Are Driving Explosive Growth in Fast, Low-Power Memory Technologies Through 2034

    Ostin Technology (OST): Volatility’s Warning or Contrarian Opportunity? – AInvest

    Ostin Technology (OST): Navigating Market Volatility – Red Flag or Hidden Opportunity?

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

What is data analytics? Transforming data into better decisions

November 4, 2023
in Business
What is data analytics? Transforming data into better decisions
Share on FacebookShare on Twitter

Data analytics is a discipline focused on extracting insights from data, including the analysis, collection, organization, and storage of data, as well as the tools and techniques to do so.

What is data analytics?

Data analytics is a discipline focused on extracting insights from data. It comprises the processes, tools, and techniques of data analysis and management, including the collection, organization, and storage of data. The chief aim of data analytics is to apply statistical analysis and technologies on data to find trends and solve problems. Data analytics has become increasingly important in the enterprise as a means to analyze and shape business processes, and to improve decision-making and business results.

Data analytics draws from a range of disciplines — including computer programming, mathematics, and statistics — to perform analysis on data in an effort to describe, predict, and improve performance. To ensure robust analysis, data analytics teams leverage a range of data management techniques, including data mining, data cleansing, data transformation, data modeling, and more.

What are the four types of data analytics?

Analytics breaks down broadly into four types: descriptive analytics, which attempts to describe what has transpired at a particular time; diagnostic analytics, which assesses why something has happened; predictive analytics, which ascertains the likelihood of something happening in the future; and prescriptive analytics, which provides recommended actions to take to achieve a desired outcome.

To explore these more specifically, descriptive analytics uses historical and current data from multiple sources to describe the present state, or a specified historical state, by identifying trends and patterns. In business analytics, this is the purview of business intelligence (BI). Diagnostic analytics uses data (often generated via descriptive analytics) to discover the factors or reasons for past performance. Predictive analytics applies techniques such as statistical modeling, forecasting, and machine learning (ML) to the output of descriptive and diagnostic analytics to make predictions about future outcomes. Predictive analytics is often considered a type of “advanced analytics,” and frequently depends on ML and/or deep learning. And prescriptive analytics is a type of advanced analytics that involves the application of testing and other techniques to recommend specific solutions that will deliver desired outcomes. In business, predictive analytics uses ML, business rules, and algorithms.

Data analytics methods and techniques

Data analysts use a number of methods and techniques to analyze data. According to Emily Stevens, managing editor at CareerFoundry, seven of the most popular include:

Regression analysis: A set of statistical processes used to estimate the relationships between variables to determine how changes to one or more might affect another — for example, how social media spending might affect sales.

Monte Carlo simulation: A mathematical technique, frequently used for risk analysis, that relies on repeated random sampling to determine the probability of various outcomes of an event that can’t otherwise be readily predicted due to degrees of uncertainty in its inputs.

Factor analysis: A statistical method for taking a massive data set and reducing it to a smaller, more manageable one to uncover hidden patterns — for example, for analyzing customer loyalty.

Cohort analysis: A form of analysis in which a dataset is broken into groups that share common characteristics, or cohorts, for analysis — for example, to understand customer segments.

Cluster analysis: A statistical method in which items are classified and organized into groups called clusters in an effort to reveal structures in data; insurance firms might use cluster analysis to investigate why certain locations are associated with particular insurance claims, for instance.

Time series analysis: A statistical technique in which data in set time periods or intervals is analyzed to identify trends over time, such as weekly sales numbers or quarterly sales forecasting.

Sentiment analysis: A technique that uses natural language processing, text analysis, computational linguistics, and other tools to understand sentiments expressed in data, such as how customers feel about a brand or product based on responses in customer forums. While the previous six methods seek to analyze quantitative data (data that can be measured), sentiment analysis seeks to interpret and classify qualitative data by organizing it all into themes.

Data analysts use a range of tools to aid them surface insights from data. Some of the most popular include: 

Apache Spark: An open-source data science platform to process big data and create cluster computing engines 

Domo Analytics: A BI SaaS platform to gather and transform data  

Excel: Microsoft’s spreadsheet software for mathematical analysis and tabular reporting 

Klipfolio: A cloud-based web application for self-service BI and reporting 

Looker: Google’s data analytics and BI platform 

Power BI: Microsoft’s data visualization and analysis tool to create and distribute reports and dashboards 

Python: An open-source programming language popular among data scientists to extract, summarize, and visualize data 

Qlik: A suite of tools to explore data and create data visualizations 

QuickSight: An analytics service from Amazon designed to integrate with cloud data sources 

R: An open-source data analytics tool for statistical analysis and graphical modeling 

RapidMiner: A data science platform that includes a visual workflow designer 

SAP Analytics Cloud: A cloud-based analytics and planning solution 

SAS: An analytics platform for business intelligence and data mining 

Sisense: A popular self-service BI platform 

Tableau: Data analysis software from Salesforce to create data dashboards and visualizations

Talend: An ETL tool used by data engineers, data architects, analysts, and developers 

Zoho Analytics: A self-service BI and data analytics platform 

Data analytics vs. data science

Data analytics is a component of data science used to understand what an organization’s data looks like. Generally, the output of data analytics are reports and visualizations. Data science takes the output of analytics to study and solve problems.

The difference between data analytics and data science is often about timescale. Data analytics describes the current or historical state of reality, whereas data science uses that data to predict and/or understand the future.

Data analytics vs. data analysis

While the terms data analytics and data analysis are frequently used interchangeably, data analysis is a subset of data analytics concerned with examining, cleansing, transforming, and modeling data to derive conclusions. Data analytics includes the tools and techniques used to perform data analysis.

Data analytics vs. business analytics

Business analytics is another subset of data analytics. It uses data analytics techniques, including data mining, statistical analysis, and predictive modeling, to drive better business decisions. Gartner defines business analytics as “solutions used to build analysis models and simulations to create scenarios, understand realities, and predict future states.”

Data analytics examples

Organizations across all industries leverage data analytics to improve operations, increase revenue, and facilitate digital transformations. Here are three examples:

Fresenius Medical Care anticipates complications with predictive analytics: Fresenius Medical Care, which specializes in providing kidney dialysis services, is pioneering the use of a combination of near real-time IoT data and clinical data to predict when kidney dialysis patients might suffer a potentially life-threatening complication called intradialytic hypotension (IDH).

UPS delivers resilience, flexibility with predictive analytics: Multinational shipping company UPS has created the Harmonized Enterprise Analytics Tool (HEAT) to help it capture and analyze customer data, operational data, and planning data to track the real-time status of every package as it moves across its network. The tool helps it keep track of the roughly 21 million packages it delivers every day.

Predictive analytics helps Owens Corning develop turbine blades: Manufacturer Owens Corning, with the help of its analytics center of excellence, has used predictive analytics to streamline the process of testing the binders used in the creation of glass fabrics for wind turbine blades. Analytics has helped the company reduce the testing time for any given new material from 10 days to about two hours.

Data analytics salaries

According to data from PayScale, the average salary for a data analyst is $66,310 per year, with a reported salary range of $48,000 to $91,000. Salary data on similar positions includes:

JOB TITLESALARY RANGEAVERAGE SALARYAnalytics manager$74,000 to $136,000$104,540Business analyst$50,000 to $88,000$66,898Business analyst, IT$54,000 to $104,000$73,893Data analyst$48,000 to $91,000$66,310Market research analyst$44,000 to $80,000$59,103Operations research analyst$51,000 to $120,000$82,833Quantitative analyst$65,000 to $142,000$92,089Senior business analyst$67,000 to $121,000$89,595Statistician$59,000 to $126,000$86,349

PayScale also identifies cities where data analysts earn salaries that are higher than the national average. These include San Francisco (30.8%), New York (10.7%), and Washington (10%).

Related content

brandpost

How AI can drive efficiencies in your supply chain

Artificial intelligence can untangle the increasing complexity of supply chains by automating mundane work.

By Debbie Blumberg

Nov 03, 2023

4 mins

Machine Learning
Artificial Intelligence

feature

Burnout: An IT epidemic in the making

IT professionals are reporting exhaustion at alarming levels, and IT leaders must recognize the symptoms and take steps to address contributing factors to avoid increased attrition rates, decreased productivity, and a poor reputation in the tech tale

By Sarah K. White

Nov 03, 2023

8 mins

Staff Management

interview

What Duxbury Networking’s CIO does to balance head with heart

As CIOs become more strategic business leaders, they’re faced with increased responsibility to not only leverage new technologies to deliver value, but be an example of empathy.

By Joanne Carew

Nov 03, 2023

5 mins

CIO
Business Process Management
IT Skills

opinion

When least privilege is the most important thing

The Principle of Least Privilege is a bedrock of information security. With mobile apps, IoT, the cloud, and AI, it is more important than ever.

By Ben Rothke and Alan Lustiger

Nov 02, 2023

13 mins

Data and Information Security

Podcasts

Videos

Resources

Events

SUBSCRIBE TO OUR NEWSLETTER

From our editors straight to your inbox

Get started by entering your email address below.

Please enter a valid email address

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CIO – https://www.cio.com/article/191313/what-is-data-analytics-analyzing-and-managing-data-for-decisions.html

Tags: analyticsbusinessTransforming
Previous Post

Rajeev Ronanki on making the leap to CEO

Next Post

What Duxbury Networking’s CIO does to balance head with heart

Groundbreaking technology to help police tackle violence against women – The Independent

Revolutionary Technology Transforms the Fight Against Violence Toward Women

July 1, 2025
Apple Inc. (AAPL) Adds Tennis To Its List of Supported Sports Ahead of Wimbledon – Yahoo Finance

Apple Inc. (AAPL) Adds Tennis To Its List of Supported Sports Ahead of Wimbledon – Yahoo Finance

July 1, 2025
Nature’s headlamps: A unique light-focusing structure in Parasesarma de Man, 1895 mangrove crabs – ESA Journals

Nature’s headlamps: A unique light-focusing structure in Parasesarma de Man, 1895 mangrove crabs – ESA Journals

July 1, 2025
Scientists found what just might be Earth’s oldest rocks – Boy Genius Report

Scientists found what just might be Earth’s oldest rocks – Boy Genius Report

July 1, 2025
The EU must show leadership and stand up for science, health and women’s rights – The Parliament Magazine

Why the EU Needs to Take the Lead in Protecting Science, Health, and Women’s Rights

July 1, 2025
Anna Rossi Returns to Broadcast Television with Boston 25, Launching New Lifestyle Series Ahead of July 4th Holiday – PR Newswire

Anna Rossi’s Triumphant Return to Broadcast TV: Don’t Miss Her Exciting New Lifestyle Series Launching Just in Time for July 4th!

July 1, 2025
Chelsea win Club World Cup’s most absurd game yet – ESPN

Chelsea Triumphs in the Most Bizarre Club World Cup Match Ever

July 1, 2025
Analysis: China’s Economy and Its Influence on Global Markets – U.S. Bank

How China’s Economy is Shaping the Future of Global Markets

July 1, 2025
WATCH: Republicans Block Sen. Ossoff’s Amendment to Prevent Increases to Georgians’ Health Insurance Premiums – Ossoff.senate.gov

WATCH: Republicans Block Sen. Ossoff’s Bold Move to Prevent Health Insurance Premium Hikes for Georgians

July 1, 2025
Mamdani’s New York victory boosts pro-Palestine politics in US – Al Jazeera

Mamdani’s New York victory boosts pro-Palestine politics in US – Al Jazeera

July 1, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (701)
  • Economy (725)
  • Entertainment (21,614)
  • General (15,650)
  • Health (9,765)
  • Lifestyle (731)
  • News (22,149)
  • People (726)
  • Politics (732)
  • Science (15,943)
  • Sports (21,223)
  • Technology (15,710)
  • World (706)

Recent News

Groundbreaking technology to help police tackle violence against women – The Independent

Revolutionary Technology Transforms the Fight Against Violence Toward Women

July 1, 2025
Apple Inc. (AAPL) Adds Tennis To Its List of Supported Sports Ahead of Wimbledon – Yahoo Finance

Apple Inc. (AAPL) Adds Tennis To Its List of Supported Sports Ahead of Wimbledon – Yahoo Finance

July 1, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version