Wednesday, August 19, 2015

ANALYTICS means set of techniques, which gives STRUCTURE to large amount of INFORMATION for actionable INSIGHTS

Out of several definitions, which can be used for Analytics, the following should suffice for most of the cases.
ANALYTICS means set of techniques, which gives STRUCTURE to large amount of INFORMATION for actionable INSIGHTS
Structure by Charts, Graphs, Aggregations, Groupings, Inferences, Combinations, Trends etc. Insights by showing What happened, Why it happened, What can happen and What should be done for that.