Keyword Analysis & Research: analytics meaning

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What is the purpose of analytics?

The purpose of analytics is to take existing data collected from either a single source or multiple sources and use it to arrive at the optimal decision. Essentially, analytics can be best defined as a science of analysis.

What is the definition of analytics?

Analytics is the discovery, interpretation, and communication of meaningful patterns in data. Especially valuable in areas rich with recorded information, analytics relies on the simultaneous application of statistics, computer programming and operations research to quantify performance. ... People Analytics is using behavioral data to understand how people work and change how companies are managed.

Why is analytics important?

Analytics is important for your business to the extent that making good decisions is. The practice of analytics is all about supporting decision making by providing the relevant facts that will allow you to make a better decision.

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