While you may have heard the terms data analytics and data science being used interchangeably, they are two distinct concepts.
Thank you for reading this post, don't forget to subscribe!What is data science?
Data science is a broad area of expertise, which encapsulates a range of disciplines such as software engineering, computer science, mathematics, and statistics. Data science maintains a focus on the collection and management of unstructured and structured data, often on a large scale.
What is data analytics?
Data analytics is a term which refers to the process of examining sets of data with a view to extracting important information and obtaining answers to one or more specific questions. Data analytics is often performed by businesses that are looking to obtain insights into market conditions or to aid with important decision-making processes.
What is a data analysis company?
Handling and analysing data are important tasks, which is why some businesses opt to work with a data analysis partner. The websites of specialist data analysis companies, such as //shepper.com/, set out the specific services they offer, which often include extracting actionable insights from data and uncovering new or untapped opportunities for future growth.
Different types of data analytics
Depending on your business needs, there are a number of different forms of data analytics that can be used to support your goals. For example, predictive data analytics can help you to identify correlations and trends between multiple sets of data, prescriptive analytics can provide outcome predictions and decision recommendations, and diagnostic analytics can help you to understand why a specific event occurred.