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Why Data Analytics is Crucial for Business Success

In todayu2019s competitive business environment, data analytics is a critical driver of success. Learn why it's important for mordern days and digital world

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Why Data Analytics is Crucial for Business Success

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  1. Data Analytics in Business 2514, GTB NAGAR, HUDSON LANE OPPOS. LAXMI DAIRY DELHI-09 93129-77129; 87000-85597

  2. What is data analysis? Data analytics converts raw data into valuable data by cleaning, filtering, and transforming it. You will analyse data in this way using visual representation and computational techniques. Data analytics works in four ways: from analysing data to solving all the concerns and queries of a business using the latest technical tools. 2514, GTB NAGAR, HUDSON LANE OPPOS. LAXMI DAIRY DELHI-09 93129-77129; 87000-85597

  3. Types of Data Analysis Descriptive Analysis – What happened? Diagnostic Analysis – Why did it happen? Predictive Analysis – What could happen next? Prescriptive Analysis – What should we do? 2514, GTB NAGAR, HUDSON LANE OPPOS. LAXMI DAIRY DELHI-09 93129-77129; 87000-85597

  4. Steps in Data Analysis Process 1.Define the Problem 2.Collect Data 3.Clean and Prepare Data 4.Analyze Data 5.Interpret Results 6.Present Findings 2514, GTB NAGAR, HUDSON LANE OPPOS. LAXMI DAIRY DELHI-09 93129-77129; 87000-85597

  5. Tools used in data Analysis Excel / Google Sheets – Basic analysis Python & R – Advanced analytics SQL – Data querying Tableau / Power BI – Data visualization Hadoop / Spark – Big data processing 2514, GTB NAGAR, HUDSON LANE OPPOS. LAXMI DAIRY DELHI-09 93129-77129; 87000-85597

  6. Series 1 Series 2 Data Visulization Makes data easy to understand Highlights patterns, trends, and outliers Common types: Bar Chart, Line Chart, Pie Chart, Heatmap, Dashboard Tools: Tableau, Power BI, Looker Studio, Seaborn (Python) 20 15 10 5 0 Item 1 Item 2 Item 3 2514, GTB NAGAR, HUDSON LANE OPPOS. LAXMI DAIRY DELHI-09 93129-77129; 87000-85597

  7. Importance of Data Analysis Helps make informed decisions Identifies risks and opportunities Improves efficiency and productivity Supports data-driven culture in organizations 2514, GTB NAGAR, HUDSON LANE OPPOS. LAXMI DAIRY DELHI-09 93129-77129; 87000-85597

  8. Challenges in Data Analysis Poor data quality Lack of skilled professionals Data privacy issues Integrating data from multiple sources 2514, GTB NAGAR, HUDSON LANE OPPOS. LAXMI DAIRY DELHI-09 93129-77129; 87000-85597

  9. Future in Data Analysis Growth of AI and Machine Learning More real-time analytics Increasing demand for data literacy Rise in automated tools 2514, GTB NAGAR, HUDSON LANE OPPOS. LAXMI DAIRY DELHI-09 93129-77129; 87000-85597

  10. Conclusion Data analysis is a powerful tool in today’s digital world It helps uncover insights, predict trends, and drive success Every industry is becoming more data-driven 2514, GTB NAGAR, HUDSON LANE OPPOS. LAXMI DAIRY DELHI-09 93129-77129; 87000-85597

  11. Thank You +91 93129 - 77129, +91 87000 - 85597 Sparc.org.in@gmail.com www.sparc.org.in 2514, GTB NAGAR, HUDSON LANE OPPOS. LAXMI DAIRY DELHI-09 93129-77129; 87000-85597

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