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Data Analytics: Applications & Processes

Data analysis intro

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0% found this document useful (0 votes)
3 views15 pages

Data Analytics: Applications & Processes

Data analysis intro

Uploaded by

omkagilkar
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

Overview of Data Analytics

Applications, Process, Types, BI, DSS,


Data Mining
Introduction to Data Analytics

• Science of analyzing raw data to make


conclusions
• Helps organizations make informed decisions
• Combines statistics, technology, and business
insights
• Diagram: Data → Insights → Decision
Applications of Data Analytics

• Healthcare: Predicting patient outcomes


• Retail: Customer behavior analysis
• Finance: Fraud detection
• Manufacturing: Predictive maintenance
• Example: Netflix using analytics for personalized
recommendations
• Image: Industry icons (hospital, cart, bank,
factory, streaming)
Data Analytics Process

• 1. Data Collection →
• 2. Data Cleaning →
• 3. Data Exploration →
• 4. Data Modeling →
• 5. Interpretation → Insights
• Flow Diagram Representation
Types of Data Analytics

• Descriptive: What happened? (e.g., sales reports)


• Diagnostic: Why did it happen? (e.g., churn
analysis)
• Predictive: What will happen? (e.g., demand
forecasting)
• Prescriptive: What should be done? (e.g.,
resource optimization)
• Chart: 2x2 quadrant diagram
Business Intelligence (BI)

• BI transforms raw data into actionable insights


• Tools: Power BI, Tableau
• Example: Dashboard showing monthly sales
trends
• Image: Sample BI dashboard screenshot
Decision Support System (DSS)

• Computer-based system supporting decision-


making
• Integrates data, models, and user-friendly
interfaces
• Example: Airline scheduling system for route
optimization
• Diagram: DSS pyramid (Data → Information →
Knowledge → Decision)
Data Mining

• Extracting hidden patterns and relationships in


data
• Techniques: Classification, Clustering,
Association Rules
• Example: Market Basket Analysis (bread →
butter)
• Image: Cluster diagram with grouped nodes
Visual Example

• Flow Diagram:
• Data Sources → Data Processing → Analytics
→ Reports/Dashboards → Business Decisions
Conclusion

• Data Analytics is vital for business


competitiveness
• Supports decision-making, predictions, and
efficiency
• Integrates with BI, DSS, and Data Mining for
maximum impact
• Image: Lightbulb icon (idea/insight)

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