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What is data analytics, why data analytics needed and how are they done?

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Data Analyst with 10 years of experience in Fintech, Product ,and IT Services

### What is Data Analytics? - **Definition:** Examining data to find useful information and make decisions. ### Why is Data Analytics Needed? 1. **Better Decisions:** - Helps businesses make smarter choices. 2. **Find Patterns:** - Identifies trends to improve operations. 3. **Solve Problems:** -...
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### What is Data Analytics?

- **Definition:** Examining data to find useful information and make decisions.

### Why is Data Analytics Needed?

1. **Better Decisions:**
- Helps businesses make smarter choices.

2. **Find Patterns:**
- Identifies trends to improve operations.

3. **Solve Problems:**
- Detects issues and provides solutions.

4. **Optimize Processes:**
- Makes processes more efficient and cost-effective.

### How is Data Analytics Done?

1. **Collect Data:**
- Gather data from different sources.

2. **Clean Data:**
- Fix errors and prepare data for analysis.

3. **Analyze Data:**
- Use tools to examine data.

4. **Visualize Data:**
- Create charts and graphs to show findings.

5. **Report Results:**
- Share insights and recommendations.

### Summary:
Data analytics helps businesses make better decisions by finding patterns, solving problems, and optimizing processes through collecting, cleaning, analyzing, visualizing, and reporting data.

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