Given how much data is created every day, there will likely be 175 zettabytes of data by 2025. This data is generated daily at an average of 2.5 Quintilian bytes per day. Well, where does all this data come from? Data is collected at every purchase made, flight taken, ad clicked, social media post liked, etc
This huge volume of data is useless to your company or business if you lack the skills necessary to derive insights from such data. The demand for data literate (the ability to analyse, interpret, and even question data) professionals rises each single minute. Data can allow you to gain and act on customer insights, predict future financial and market trends and so much more.
What Is Data Analytics
Data Analytics is the process of collecting, cleaning, organizing, and analyzing large volumes of data to uncover patterns, trends, and other useful information that can help businesses make informed decisions.
Benefits of Data Analytics
In conclusion, data analytics is a powerful tool that can help businesses and organizations make more informed decisions, improve efficiency, gain a better understanding of their customers, and gain a competitive advantage. By collecting, cleaning, organizing, analyzing, and visualizing data, businesses can gain insights into their operations and make data-driven decisions that can help them achieve their goals. As data becomes increasingly important in today’s digital world, businesses that are able to harness the power of data analytics will be better positioned for success.