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Data is often compared with oil in terms of its necessity. Peter Sondergaard, Senior Vice President and Global Head of Research at Gartner, Inc, however, has a different spin on it. Hesays, u201cInformation is the oil of the 21st century, and analytics is the combustion engineu201d, implying that just like oil, data needs to be extracted and analysed so that it can be used.[1] This makes data analytics one of the most salient tools in current times.
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