Data analytics involve pre-processing and modelling data in order to draw conclusions about the information they contain. Data analytics can deliver high value insights through the extraction and analysis of transactional or unstructured data as it extends the reach of humans. It allows us to efficiently analyze complete data and draw fact-based conclusions into business operations.
Cast a wide net for data from diverse sources to find better correlations and find actionable insights.
In this step, incoming data will get cleaned immediately and at very high rates to improve data quality.
Model the Data:
Build models that correlate the data with the business outcomes.
Communicate the results:
Results are communicated to realize all the benefits identified. This is followed by support.