Beginner · Data
Analytics
Visual diagram · (in preparation) · Math · (in preparation) · Worked example · 3 difficulty levels.
TL;DR. Analytics is the process of discovering, interpreting, and communicating meaningful patterns found in data.
Technical Definition
Analytics is the process of discovering, interpreting, and communicating meaningful patterns found in data.
How it works
Analytics involves the systematic computational analysis of data or statistics. It spans descriptive analytics (what happened), diagnostic analytics (why it happened), predictive analytics (what might happen), and prescriptive analytics (what should be done).
Related Concepts
- Machine Learning — A field of AI where systems learn patterns from data instead of following hard-coded rules.
- Data mining — Discovering patterns and insights in large datasets using methods from machine learning, statistics, and databases.
- Data science — An interdisciplinary field that extracts knowledge and insights from data using scientific methods, algorithms, and systems.