What do you mean by Data Analytics?
Data Analytics refers to the process of collecting, organizing, interpreting and extracting the useful insights from the raw facts and figures in the huge amounts of data generated by a business on a daily basis. The main responsibility of the data analyst is to translate the burgeoning data into useful perceptions and then into valuable information, assisting the organizations to make smart decisions based on data instead of relying on instincts.
How important is Data Analytics?
In today’s world, accumulation and storage of the massive amount of data streaming into an organization’s databases has become a concern. Volumes have increased to millions and millions of gigabytes. Companies have moved far from just directories, datasheets, and documents.
But at the end of the day, it is almost impossible to analyze and interpret all this data. This data includes not only text but videos, photos, sound recordings and sensor data.
The data streaming into an organization’s data warehouses is increasing at an exponential pace and is expected to grow by up to 50 zettabytes by 2020. A zettabyte is over 931 million gigabytes! Each and every action we do online leaves a digital trace. Every