Analytics

Analytics is the discovery and communication of meaningful patterns in data. Especially valuable in areas rich with recorded information, analytics relies on the simultaneous application of statistics, computer programming and operations research to quantify performance. Analytics often favors data visualization to communicate insight.

Firms may commonly apply analytics to business data, to describe, predict, and improve business performance. Specifically, arenas within analytics include enterprise decision management, retail analytics, marketing and web analytics, predictive science, credit risk analysis, and fraud analytics. Since analytics can require extensive computation (See Big Data), the algorithms and software used for analytics harness the most current methods in computer science, statistics, and mathematics.

Read more about Analytics:  Analytics Vs Analysis, Challenges

Other articles related to "analytics":

Social Analytics - Social Media Analytics
... Social media analytics is a powerful tool for uncovering customer sentiment dispersed across countless online sources ... The analytics allow marketers to identify sentiment and identify trends in order to accommodate the customer better ... Royal Bank of Canada and JetBlue, have used such analytics tools to engage customers in response to their feedback ...
Analytics - Challenges
... In the industry of commercial analytics software, an emphasis has emerged on solving the challenges of analyzing massive, complex data sets, often when such data is in a constant state ... inspiration for much of the innovation in modern analytics information systems, giving birth to relatively new machine analysis concepts such as complex event processing, full text ... cloud computing and open source R can help smaller banks to adopt risk analytics and support branch level monitoring by applying predictive analytics ...
Social Analytics
... Social Analytics is a philosophical perspective developed since the early 1980s by the Danish idea historian and philosopher Lars-Henrik Schmidt ... Thus, Social Analytics differs from traditional philosophy as well as sociology ... The practise of Social Analytics is to report on tendencies of the times ...
Customer Feedback Management Services - Methodology - Feedback Analytics
... Feedback analytics services use customer generated feedback data to measure customer experience and improve customer satisfaction ... Feedback analytics services provide website owners with the ability to create feedback forms that can be customized to fit the website and placed on all pages ... Feedback analytics provide page- and website- level actionable data, and enable a website owner to read and manage feedback, as well as to get back to the users ...
Cultural Analytics
... Cultural Analytics is the exploration and research of massive cultural data sets of visual material - both digitized visual artifacts and contemporary visual and interactive media ... on the challenge of how to best explore large collections of rich cultural content, Cultural Analytics researchers developed new methods and intuitive visual ...