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What is data analytics, why data analytics needed and how are they done?

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Data Analyst with 10 years of experience in Fintech, Product ,and IT Services

### What is Data Analytics? - **Definition:** Examining data to find useful information and make decisions. ### Why is Data Analytics Needed? 1. **Better Decisions:** - Helps businesses make smarter choices. 2. **Find Patterns:** - Identifies trends to improve operations. 3. **Solve Problems:** -...
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### What is Data Analytics? - **Definition:** Examining data to find useful information and make decisions. ### Why is Data Analytics Needed? 1. **Better Decisions:** - Helps businesses make smarter choices. 2. **Find Patterns:** - Identifies trends to improve operations. 3. **Solve Problems:** - Detects issues and provides solutions. 4. **Optimize Processes:** - Makes processes more efficient and cost-effective. ### How is Data Analytics Done? 1. **Collect Data:** - Gather data from different sources. 2. **Clean Data:** - Fix errors and prepare data for analysis. 3. **Analyze Data:** - Use tools to examine data. 4. **Visualize Data:** - Create charts and graphs to show findings. 5. **Report Results:** - Share insights and recommendations. ### Summary:Data analytics helps businesses make better decisions by finding patterns, solving problems, and optimizing processes through collecting, cleaning, analyzing, visualizing, and reporting data. read less
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