Data Analytics surely is an interesting field. The scope is good. So is the pay. Many underestimate the potential data analytics. This can be dangerous. Particularly if you own a business. Have you ever heard of feedback? Your customer gets the chance of voicing their opinion about your product by feedback and thus help you improve your brand. Data Analytics can do the same for your business. Not only that, it can even strengthen your customer base.
There are tons of uses of data analytics. One needs only to becreative. That’s all. Firstly, answer this, what can you gather from a random set of data? Nothing. You cannot draw a conclusion, you cannot develop models, and you can do nothing if you do not have the proper structured data.
Data Analytics refers to the study of structured data to draw inferences from it. Data analytics has a close relation to topics like Bid Data and Data Science but these are not the same. While Data Analytics refers to the study of data, Data Science involves the methods used to cleanse the data and prepare it for analysis. Big Data, on the other hand, refers to the huge voluminous data that is being generated today.