Slides Data Analytics
Slides Data Analytics
Your smart phone collects data on how you use it, and your web
browser collects information on what you are searching for.
Your credit card company collects data on where you shop, and
your shop collects data on what you buy.
It is hard to imagine any activity that does not generate data.
Conversation Data
Our conversations are now digitally recorded.
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Turning Big Data into Value: The datafication of our world gives us unprecedented amounts of
data in terms of Volume, Velocity, Variety and Veracity. The latest technology such as cloud
computing and distributed systems together with the latest software and analysis approaches allow
us to leverage all types of data to add value.
Data Analytics
The ‘Datafication’ Volume Analysing
of our World; Big Data:
Text Analytics
• Activities Descriptive
• Conversations Velocity Analytics
• Words Face recognition
• Voice Voice Analytics
• Social Media Value
Movement
• Browser logs Analytics
• Variety
Photos Diagnostic
• Videos Analytics
• Sensors Predictive
• Etc. Analytics
Veracity
Prescriptive
Analytics, etc
.
Data analysis is a process involving the Data analytics is taking the analyzed data
collection, manipulation, and examination and working on it in a meaningful and useful
of data for getting a deep insight. way to make well- versed business
decisions.
Data analysis helps design a strong business plan Data analytics helps businesses in utilizing the
for businesses, using its historical data that tell potential of the past data and in turn
about what worked, what did not, and what identifying new opportunities that would help
was expected from a product or service. them plan future strategies. It helps in
business growth by reducing risks, costs, and
making the right decisions.
Tools used for data analysis are Open Refine, Tools used in Data analytics are Python, R, SPSS
Rapid Miner, KNIME, Google Fusion Tables, Tableau Public, SAS, Apache Spark, Excel,
Node XL, Wolfram Alpha, Tableau Public, etc. Power BI, etc.
Data analysis is actually studying Whereas data analytics predicts ‘what will
past data to understand ‘what happen next or what is going to be next?’
happened?’
Practical Examples of how big data is
used today to deliver real value
1. Transportation System
• Example - During the Wedding season or the Holiday season, the transport
facilities are prepared to accommodate the heavy number of passengers
travelling from one place to another using prediction tools and techniques.
2. Logistics and Delivery
• Example - When a shipment is dispatched from its origin, till it reaches its
buyers, every position is tracked which leads to the minimizing of the loss of
the goods.
3. Web Search or Internet Web Results
• Example - When you search for a product on amazon it keeps showing on
your social media profiles or to provide you with the details of the product to
convince you by that product.
Top 14 Applications Of Data Analytics to look out
for in 2022
4. Manufacturing
• Example - The unit can figure out the number of products needed to be
manufactured according to the data collected and analyzed from the demand
samples and likewise in many other operations increasing the operating
capacity as well as the profitability..
5. Security
• Example - No business can foresee the future, particularly where security
dangers are concerned, yet by sending security investigation devices that can
explore security occasions it is likely to identify danger before it gets an
opportunity to affect your framework and main concern.
Top 14 Applications Of Data Analytics to look out
for in 2022
6. Education
• Example - Mostly used in adaptive learning, new innovations, adaptive
content, etc. Is the estimation, assortment, investigation, and detailing of
information about students and their specific circumstances, for reasons for
comprehension and streamlining learning and conditions in which it happens.
7. Healthcare
• Example - Can be utilized to channel huge measures of information in
seconds to discover treatment choices or answers for various illnesses. It give
accurate answers for exceptional worries for specific patients.
8. Military
• Example - It empowers captains and technologists to make associations
between information investigation and such fields as augmented reality and
psychological science that are driving military associations around the globe
forward.
Top 14 Applications Of Data Analytics to look out
for in 2022
9. Insurance
• Example - Several data, such as actuarial data and claims data, help insurance
companies realize the risk involved in insuring the person. Analytical
software can be used to identify risky claims and bring them before the
authorities for further investigation.
10. Digital Advertisement
• Example - Data analytics and data algorithms are used in a wide range of
advertising mediums, including digital billboards in cities and banners on
websites.
11. Fraud and Risk Detection
• Example - Data analysis was used to examine recent spending patterns and
customer profiles to determine the likelihood of default. It eventually resulted
in a reduction in fraud and risk.
Top 14 Applications Of Data Analytics to look out
for in 2022
12. Travel
• Example - To improve the traveller’s purchasing experience that able to
create customized offers and packages that take into account the preferences
and desires of their customers.
13. Communication, Media, and Entertainment
• Example - When it comes to creating content for different target audiences,
recommending content, and measuring content performance, organizations in
this industry analyze customer data and behavioural data simultaneously.
14. Energy and Utility
• Example - Many firms involved in energy management apply data analytics
in areas such as smart-grid management, energy distribution, energy
optimization, and automation building for other utility-based firms.
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