Data Analytics Training in

Hyderabad - 360DigiTMG
What do you mean by Data Analytics?

● It is the process of exploring data sets so as to draw conclusions regarding the information
they have with the use of software and specialized systems.
● The techniques and technologies of data analytics are used widely in commercial
industries to allow organizations to make more informed business decisions in order to
disprove and substantiate scientific model hypotheses and theories. Data Analytics mainly
refers to the mixture of applications like BI (Business Intelligence), OLAP (Online analytical
processing) into multiple advanced analytics forms. It has a similarity with Business
analytics, but business analytics uses business, whereas data analytics’ focus is broad.
● Data Analytics’ capability can help improve operational efficiency; businesses’ revenue
increase, customer service efforts and optimize marketing campaign's response to
emerging market trends quickly and obtain, over rivals, a competitive edge - ultimately
with the goal of improving business performance.
● Depending on the specific application, the analyzed data can consist of either new
information or historical records which, for real-time analytics, have been processed.
Data Analytics and its Types

There are at least four types of Data Analytics. Given below are the
detailed descriptions of various types of Data Analytics.
1) Descriptive Analytics: The question of what happened is answered by Descriptive
Analytics. For example, a provider of health care will know the number of patients that were
hospitalized the last month; retailer knows the volume of average weekly sales; manufacturer
knows the products rate which is returned for the past month. Descriptive Analytics organizes
raw data from various data sources in order to give precious insights into the past.
2) Diagnostic Analytics: The question of why something happened is answered by
Diagnostic Analytics. Thanks to the diagnostic analytics, there is a chance to drill down, identify
patterns and find out the dependencies. Companies choose Diagnostic Analytics because, for a
specific problem, it offers in-depth insights. At their disposal, a company should contain detailed
information or else the collection of data may be time-consuming for every issue .
 3) Predictive Analytics: The question of what will likely happen is answered by
Predictive Analytics. Predictive Analytics uses the findings of diagnostic analytics and descriptive
analytics in order to detect clusters, expectations, predict future trends and tendencies which,
for forecasting, makes it a valuable tool. Notwithstanding many advantages brought by predictive
analytics, it is necessary to understand that forecast is an estimate whose accuracy depends
highly on stability and data quality of a situation; therefore, continuous optimization and careful
treatment is required. Thanks to the predictive analytics for enabling a proactive approach, for
instance, a telecom company can recognize the subscribers who would most likely reduce their
spending.

4) Prescriptive Analytics: The question of what action can be taken in order to take
advantage fully or eliminate the problem of promising trend is answered by Prescriptive
Analytics. For example, a multinational company could identify opportunities for purchases that
were repeated based on sales history and customer analytics. Prescriptive Analytics uses
standard technologies and tools like algorithms, machine learning and business rules which make
it standard to manage and implement
Resource Box
If you want to explore and be an expert in Data Analytics, then
Data analytics certification provided by 360digiTMG is the best platform to polish your skills

Contact
360DigiTMG - Data Science, Artificial Intelligence, PMP,
IoT Course Training in Hyderabad2-56/2/19, 6th floor,
Vijaya Towers, near Meridian School, Ayyappa Society Rd,
Madhapur, Hyderabad, Telangana500081.

enquiry@360digitmg.com
+91-9989994319/1800-212-654321.

Web site: https://360digitmg.com/data-analytics-certification-training-course-in-hyderabad