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Posts Tagged ‘Financial Analytics’

What is it ?

  • It is science of analysing raw data
  • It reveals trends and metrics about the data which can be then used to optimise processes to increase the overall efficiency of a business or a system

Steps involved in the Data Analysis

The following are the techniques involved in data analysis. Thanks to the current technological advancements, these techniques are now automated with the help of algorithms that work over raw data for human consumption.

Why does it matter ?

Data analytics is important because it helps businesses optimise their performances.

  • Companies can implement data analytics into their business model to reduce cost by identifying more efficient ways of doing business and by storing large amounts of data.
  • Companies can make better decisions and understand customer trends and satisfactions. This an lead to new and better products/services.

Types of Data Analytics

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