2 Analytics Courses Results
There are many industries, such as social media, healthcare, insurance, e-commerce, transport, government, banking, telecommunications, etc., that are producing massive amounts of data, the so-called “BIG DATA”, with Volume, Velocity, Variety, Veracity and Value (the five “Vs” of Big Data challenges) at an unprecedented scale. This has led to a critical need for skilled professionals, popularly known as Data Scientists, who can mine and interpret the data. Making sense of this massive data is a very difficult challenge for scientific, technological and industrial disciplines. Data Science is the art of converting raw data to useful information that can be used to draw conclusions and make decisions. Data Science is used in organizations to make better business decisions and is used in sciences to verify or disprove existing models or theories.
Business analytics has become vital in today's data centric world. Business analytics refers to the technologies, applications and practices for exploration and investigation of past business data to gain insights and drive business planning. It makes extensive use of computer science, statistics and quantitative analysis to drive decision making. Reporting and querying can answer questions like what happened in the past. Business analytics can answer questions like what is going to happen in the near future.