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Data analyticsdd

Data analytics involves examining and interpreting data to provide insights for decision-making across various industries, including healthcare, retail, finance, and manufacturing. It encompasses structured and unstructured data, utilizing tools like Excel, Tableau, and Power BI for data collection and visualization. Key applications include predicting patient outcomes, personalized recommendations, fraud detection, and predictive maintenance.

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7 views

Data analyticsdd

Data analytics involves examining and interpreting data to provide insights for decision-making across various industries, including healthcare, retail, finance, and manufacturing. It encompasses structured and unstructured data, utilizing tools like Excel, Tableau, and Power BI for data collection and visualization. Key applications include predicting patient outcomes, personalized recommendations, fraud detection, and predictive maintenance.

Uploaded by

astrolostinsauce
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Data analytics

bakchodi
Introduction to Data Analytics
• Importance in Decision-Making
• Data analytics is the process of examining, organizing, and interpreting data to extract
valuable insights. It plays a crucial role in decision-making by:
• Providing evidence-based insights for strategic planning.
• Identifying patterns and trends for forecasting and optimization.
• Enhancing operational efficiency and customer experience.
• Types of Data
1. Structured Data:
1. Organized in rows and columns (e.g., databases, spreadsheets).
2. Examples: Customer names, sales figures, timestamps.
2. Unstructured Data:
1. Does not follow a specific format (e.g., text, images, videos).
2. Examples: Social media posts, audio files, IoT sensor data.
Applications in Various Industries

•Healthcare:
•Predicting patient outcomes, improving diagnoses, and optimizing resource allocation.
•Example: Analyzing patient data to identify risk factors for chronic diseases.
•Retail:
•Personalized recommendations, inventory management, and customer behavior analysis.
•Example: Amazon’s recommendation engine.
•Finance:
•Fraud detection, risk management, and investment analysis.
•Example: Credit card fraud monitoring systems.
•Manufacturing:
•Predictive maintenance, quality control, and supply chain optimization.
•Example: Monitoring equipment performance to prevent breakdowns.
Data Collection and Preprocessing
• Overview of Tools
1. Excel:
1. Widely used for basic data analysis, pivot tables, and simple visualizations.
2. Ideal for small-scale datasets.
2. Tableau:
1. Advanced data visualization tool for interactive dashboards and reports.
2. Integrates with multiple data sources.
3. Power BI:
1. Microsoft’s business analytics tool for creating insightful, shareable reports.
2. Focuses on ease of use for non-technical users.
• Visualization
• Charts: Bar, line, and scatter plots to show trends and relationships.
• Dashboards: Interactive, real-time data monitoring.
• Maps: Geographic data analysis (e.g., sales by region)

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