Entity: ANALYTICS
Analytics is the systematic computational analysis of data or statistics, used for discovering meaningful patterns and improving decision-making.
ANALYTICS
Etymology
The term 'analytics' originates from the Greek word 'analytikos,' meaning 'able to analyze.'
Definition
Analytics is the systematic computational analysis of data or statistics, used for the discovery, interpretation, and communication of meaningful patterns in data. It involves collecting, analyzing, and interpreting data to gain insights that can improve decision-making.
Historical Context
Analytics has evolved with the advancement of technology and the increasing availability of data. It has become a crucial tool in various fields, including business, healthcare, and sports.
Cultural Significance
Analytics plays a vital role in modern society by enabling organizations to make data-driven decisions, optimize processes, and enhance performance.
Related Concepts
- Data Science
- Business Intelligence
- Predictive Analytics
See Also
A method of logical analysis that involves collecting, analyzing, and interpreting data to gain insights.