UNIT-1
UNIT-1
Visualization using R
What is Data ?
• Data refers to information that is collected,
stored, and used for various purposes. It can
come in many forms, such as numbers, text,
images, and sounds, and is often used to
analyze, understand, and make decisions
about different aspects of the world.
Real Facts about data
• Data Explosion:
• 97 Zettabytes by 2024: The world is projected to generate 97
zettabytes of data by 2024, showcasing the massive growth since
2020.
• Healthcare Data:
• 2.3 Zettabytes by 2024: The healthcare sector is expected to
manage 2.3 zettabytes of data, reflecting the extensive data
accumulation from medical records, research, and patient care.
• Social Media Activity:
• 500 Million Tweets Daily: About 500 million tweets are sent each
day by roughly 330 million active users on Twitter, highlighting the
significant data generation from social media interactions.
• Here are a few key points about data:
1. Sources of Data:
• Business Objective:
• Minimize: Churn rate (churning implies customers going to another
company for their needs)
• Maximize: Customer satisfaction (satisfaction will make customer
more loyal to the brand)
✅ Applications:
• Customer segmentation for targeted marketing
• Predicting customer churn and loyalty
• Sentiment analysis from social media & reviews
• 🔹 Example: Netflix uses analytics to recommend
shows based on user preferences.
Marketing Analytics
📢 Optimizing marketing strategies through data-
driven insights
✅ Applications:
• Analyzing campaign performance (Google Ads,
Facebook Ads)
• A/B testing for ad creatives & landing pages
• Customer lifetime value (CLV) prediction
• 🔹 Example: Amazon uses predictive analytics to
recommend products and improve conversions.
Financial Analytics
💰 Risk assessment, fraud detection, and
financial forecasting
✅ Applications:
• Credit Scoring for Loan Approvals
• Fraud Detection in Banking Transactions
• Stock Market Trend Prediction
Example: Banks like JPMorgan Chase use AI-
driven analytics to detect fraudulent
transactions in real time.
Supply Chain & Logistics Analytics
🚚 Optimizing inventory, reducing costs, and
improving logistics
✅ Applications:
• Route optimization for faster deliveries
• Demand forecasting to avoid
overstocking/understocking
• Predictive maintenance of delivery vehicles
• Example: Walmart uses analytics to predict
product demand and optimize its supply
chain.
HR & Workforce Analytics
👥 Enhancing employee productivity and
engagement
✅ Applications:
• Predicting employee attrition
• Recruitment analytics to hire the best talent
• Employee performance evaluation using KPIs
Example: Google uses people analytics to
optimize hiring and retain top talent.
Healthcare & Medical Analytics
✅ Applications:
• Predictive analytics for disease outbreaks
• AI-driven diagnosis from medical imaging
• Hospital resource optimization (beds, staff,
equipment)
• Example: IBM Watson uses AI to assist doctors
in diagnosing diseases more accurately.
• Retail & Ecommerce Analytics
• Manufacturing & Operations Analytics
• Sports & Performance Analytics
• Fraud detection & Cybersecurity Analytics
and many more…
Text Analytics
• What is Text Analytics?
• Text analytics (also known as text mining) is the
process of deriving meaningful insights from
unstructured textual data. It involves techniques
such as natural language processing (NLP),
machine learning, and statistical methods to
extract patterns, trends, and sentiments from
text sources like customer reviews, emails, social
media, and more.
Applications of Text Analytics in
Business
• Sentiment Analysis
• Customer Feedback Analysis
• Chatbot & Virtual Assistants
• Fraud Detection & Cybersecurity
• Healthcare & Medical Text Mining
• Legal & Compliance Monitoring
• Market Research & Competitive Analysis
• Topic Modeling & Document Clustering
Web Analytics
• What is Web Analytics?
• Web analytics is the process of collecting,
analyzing, and interpreting web data to
optimize website performance, enhance user
experience, and improve digital marketing
strategies. It helps businesses track visitor
behavior, measure engagement, and make
data-driven decisions.
Key Metrics in Web Analytics
📊 Traffic Metrics:
✔ Sessions & Users – Number of visits and unique visitors
✔ Pageviews – Total number of pages viewed
✔ Bounce Rate – Percentage of users who leave after visiting
one page
🎯 Engagement Metrics:
✔ Average Session Duration – Time spent per visit
✔ Pages per Session – Average pages viewed in one visit
✔ Click-Through Rate (CTR) – Percentage of users clicking on
links
💰 Conversion Metrics:
✔ Conversion Rate – Percentage of visitors who complete a
goal (purchase, sign-up)
✔ Cart Abandonment Rate – Percentage of users leaving items
in the cart
Applications of Web Analytics in
Business
• E-Commerce Optimization
• Digital Marketing Performance
• User Experience (UX) Improvement
• Customer Retention & Personalization
• Fraud Detection & Security
Skills for Business analytics
• Data analytics & Statistics
• Data Visualization
• Database Management & SQL
• Machine learning & Predictive Analytics
• Business & Analytical Thinking
• Communication & Storytelling with data
BA Tools
• Excel
• SQl
• Python / R
• Tableau / PowerBI
• Google Analytics
Concepts of DS
Skills Required for DS
• Programming
• Statistics & Mathematics
• Data handling & processing
• ML & AI
• Data Visualization & Storytelling
• Business & Domain Knowledge
Thank You