The Secrets of Data Analytics is Out!

Types of Data Analytics

Predictive Analytics: Explores "Why did it happen?" and "What will happen?"

Descriptive Analytics: Answers "What happened?" using past data

Prescriptive Analytics: Recommends actions with "What should be done?"

Tools Used

Tableau & Power BI: Advanced data visualizations and dashboards

Spreadsheets: Basic analytics and easy data sharing

Low-code tools: Build analytics workflows without extensive coding

Real-World Applications

Finance: Automated trading and risk optimization

Marketing: Personalized recommendation systems

Advertising: Real-time programmatic ad buying

Skills Required

Proficiency in summary statistics and model-based inferences

Hands-on learning approach recommended (e.g., IBM’s courses)

Strong understanding of business needs and analytics tools

Future of Data Analytics

Real-time analytics will dominate business decision-making

AI and Machine Learning will revolutionize data insights

Growing demand for skilled professionals in data engineering, data science, and analytics

Check Out the Highest Paying AI Career Choices in 2024

Discover the Best Data Analytics Courses Now!