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Data Analytics: Types, Process, and Trends

Data Analytics is the process of examining and modeling data to support decision-making, with four main types: descriptive, diagnostic, predictive, and prescriptive analytics. The analytics process involves data collection, cleaning, exploration, analysis, visualization, and decision making, utilizing tools like Python, R, and Excel. Real-world applications span various sectors including business, healthcare, finance, and sports, while challenges include data quality and privacy concerns, with future trends pointing towards AI integration and real-time analytics.

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3 views10 pages

Data Analytics: Types, Process, and Trends

Data Analytics is the process of examining and modeling data to support decision-making, with four main types: descriptive, diagnostic, predictive, and prescriptive analytics. The analytics process involves data collection, cleaning, exploration, analysis, visualization, and decision making, utilizing tools like Python, R, and Excel. Real-world applications span various sectors including business, healthcare, finance, and sports, while challenges include data quality and privacy concerns, with future trends pointing towards AI integration and real-time analytics.

Uploaded by

damodar
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Introduction to Data

Analytics
Dr. Shashikant S Kulkarni
What is Data Analytics?
• The process of examining, cleaning,
transforming, and modeling dataGoal:
Discover useful information, draw conclusions,
and support decision-making
Types of Data Analytics
• Descriptive Analytics – What happened?
• Diagnostic Analytics – Why did it happen?
• Predictive Analytics – What could happen?
• Prescriptive Analytics – What should we do?
The Data Analytics Process
• 1. Data Collection
• 2. Data Cleaning
• 3. Data Exploration
• 4. Data Analysis
• 5. Data Visualization
• 6. Decision Making
Tools & Technologies
• Languages: Python, R, SQL
• Tools: Excel, Power BI, Tableau
• Libraries: Pandas, NumPy, Matplotlib, Scikit-
learn
Real-World Applications
• Business: Customer behavior, sales forecasting
• Healthcare: Patient diagnosis, treatment
optimization
• Finance: Fraud detection, risk analysis
• Sports: Performance tracking, game strategy
Challenges in Data Analytics
• Poor data quality
• Data privacy concerns
• Skill gaps in teams
• Interpreting results correctly
Future Trends
• AI integration
• Real-time analytics
• Automated insights
• Data democratization
Why It Matters
• Informed decisions
• Improved efficiency
• Competitive advantage
Conclusion
• Data Analytics transforms raw data into
actionable insights
• Key to success in today’s data-driven world

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