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What are the basics of data analytics?

Data analytics: The basics. According to William McKnight, data analytics refers to the use of empirical data to gain empirical insights into the business that lead to action. Data analytics can also include data mining, business intelligence and corporate performance management (CPM). Share this item with your network:

What are examples of data analytics?

Descriptive analytics or data mining are at the bottom of the big data value chain, but they can be valuable for uncovering patterns that offer insight. A simple example of descriptive analytics would be assessing credit risk; using past financial performance to predict a customer’s likely financial performance.

How you can effectively use data analytics?

How You Can Effectively Use Data Analytics. Data analytics allows agencies to glean important insights from massive amounts of data in real time and apply this information to detect fraud, respond to cyber threats or design better services and products for a particular audience. For newcomers, however, actually implementing data analytics can be an arduous and time-consuming undertaking.

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