Welcome to the world of Data Analytics!
Data Analytics is the entire procedure of converting raw data into valuable insights on which companies can take action. It involves different technologies, a range of tools, and certain processes that solve problems.
Similarly, Big Data Analytics is the process of conducting data analytics but with a large data set- measured in terabytes or petabytes. This enables companies to find patterns, relationships, trends, data insights, and opportunities with the help of big data sets. This is quite common in big companies in the UAE where data analytics companies often deal with large datasets.
The sub-services that we offer in the field of data analytics include:
-
Business Intelligence and Data Visualization:
Business Intelligence gives organizations the power to be able to ask questions in simple terms and be able to answer them well. They can get their answers from the business data instead of just plain guesses and having doubts. The data collection from relevant sources is what leads to the breeding of proper answers related to the business.
Data Visualization is when the data or any kind of information is represented in a graphical form. This can range from graphs, maps, charts, and so on. -
Embedded Analytics:
This is when analytical capabilities and data visualizations are integrated into a software application. This has the benefit of reinforcing good decision-making through enhancing a data-driven culture in organizations.
-
Data Modeling and Analysis:
Once the data is prepared, it is analyzed using various statistical and machine learning techniques. Descriptive analytics focuses on summarizing and understanding historical data, while diagnostic analytics aims to uncover the causes behind past events. Predictive analytics uses historical data to make predictions about future outcomes, while prescriptive analytics suggests optimal actions based on the insights gained.
How can Data Analytics help your organization?
It is undeniable that the process of data analytics brings about rich valuable insights for any organization. This can reap many benefits for your organization in the following ways:-
It can lead to informed business decision-making and reduce financial losses. Predictive Analysis is a branch of this field that suggests what could occur as a result of changes in a business and how should the business respond to those specific changes.
-
Consulting data and its insights also mitigate risks for a business be it employee theft, legal risks, customer dissatisfaction, and so on The data can help determine the amount of safety precautions needed to be kept in place. Also, organizations can use data analytics to limit their losses after a setback takes place.
-
It helps in personalizing a company’s customer experience. Data Analytics can help create detailed customer insights from the data collected about customers from different channels. This allows tapping into customer behavior by businesses to give their customers a more personalized experience. This will increase customer loyalty for any business,