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4 reasons why data analytics is imperative for every business | Training in Machine learning | Hadoop training | MITSkills, Pune

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We are living in a generation where artificial intelligence is extensively exploited to reshape the business industry. Data analytics is a subset of AI which refers to the process of extracting useful insights pertaining to the businesses and using it to enhance the productivity and profits of the businesses. – PowerPoint PPT presentation

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Title: 4 reasons why data analytics is imperative for every business | Training in Machine learning | Hadoop training | MITSkills, Pune


1
4 reasons why data analytics is imperative for
every business.
http//www.mitskillsindia.com/
2
  • 4 reasons why data analytics is imperative for
    every business.
  • We are living in a generation where artificial
    intelligence is extensively exploited to reshape
    the business industry.
  • Data analytics is a subset of AI which refers to
    the process of extracting useful insights
    pertaining to the businesses and using it to
    enhance the productivity and profits of the
    businesses.
  • It is a qualitative and quantitative analysis
    which involves digging out information,
    acknowledging and bifurcating data according to
    the needs of the business.
  • Data Analysts create machine learning algorithms
    to extract useful information, trends, and
    patterns from the existing data of the
    enterprises.
  • Proper analysis can aid the businesses in
    getting useful data that can be used to bring
    changes in the pattern of the business so as to
    boost its profits.

3
More reasons that prove that data analysis is
vital for every business 1.  To collect data
that can be used to enhance customer
experience Data Mining plays a vital role in
Business to Consumer (B2C) enterprises. The
success or failure of such companies is dependent
on consumers satisfaction to a great extent as
the products and services are sold and there is
repeat business only when customers are happy
with them. Enterprises collect data from the
customers which is then analyzed to find the
pattern and trends that can facilitate profits
for the business. 2.  It helps in enhancing the
marketing strategies The marketing team of every
company innovates, device strategies and
experiments different techniques to increase the
profits of the organization. They also conduct
surveys to understand the needs of the customers.
The data analysts can help the marketing team in
a big way by digging useful data from surveys
which can then be used to change the marketing
pattern. Thus, data science helps the marketers
by generating leads and enhancing the profits.
4
3.  It provides know-how related to the
industry Acquiring industrial knowledge and
information about latest trends and patterns is
imperative for every business as it gives them a
competitive edge. The economy keeps on changing
from time to time and it is essential for every
organization to keep pace with the changing
trends and economy. Using data mining, the
organization can get useful information related
to the industry. It shows the right direction in
which the companies should take their
business. 4.  It aids in foreseeing the
opportunities It is even important for the
businesses that they keep on making profits to
keep the business growing. Profits can be made by
taking hold of the opportunities to the fullest.
This is where predictive analytics come into
play. It digs out useful data that can be used
by the enterprises to foresee opportunities and
make themselves ready to grab it in the best
possible way. In this way, the companies can
avail benefits much before its competitors with
the use of predictive analysis.
5
  • Since data analytics has become crucial for
    every business, there is a hike in demand for
    efficient data analysts. Organizations are
    looking for top-notch analysts so as to take
    their business to the statures of success.
    Furthermore, the growth in this field is
    substantial as talented candidates are offered
    with lucrative salaries.
  • MIT Skills offers Advanced Post Graduate Program
    in Data Analytics to all the eligible candidates.
    The course material is designed in such a way
    that it entails the candidates with essential
    skills and extensive knowledge of the field of
    deep learning which involve image processing,
    data visualization and text analysis. This is the
    course that would serve as the cradle of success
    to all the aspirants who wish to shine in this
    blooming sector of data analysis.

Thank You
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