Data Analytics
Introduction In today's digital world, we constantly generate information, from swiping credit cards to browsing the web. This abundance necessitates the ability to analyze and interpret it into actionable insights. Data: The Foundation “Data! Data! Data!... I can't make bricks without clay!"—— Sherlock Holmes via Sir Arthur Conan Doyle Now, data science, the discipline of making data useful, is an umbrella term that encompasses 3 disciplines. Statistics Helps make informed decisions with some uncertainty Machine learning Automates decision-making for large datasets with inherent uncertainties Analytics Explores data to uncover potential insights that can guide decision-making Essentially, data is a collection of facts and information. Only with data, conclusions can be drawn for the best way forward (data-driven decicion). In everyday life, an allergic reaction prompts us to avoid the allergen in the future. In businesses, companies use data analytics to improve processes...