The different types of analytics are as follows: AnalytixLabs has proficiency in making aspirants “industry-ready” professionals. With its decade of experience in providing meticulous, practical, and tailored learning. Led by a team of IIM, IIT, ISB, and McKinsey alumni, the institute offers a range of data analytics courses with detailed project work that helps an individual fit for the professional roles in AI, Data Science, and Data Engineering. Table of ContentsĪnalytixLabs is India’s top-ranked AI & Data Science Institute and is in its tenth year. Related: What is Business Analytics? Different components, tools, skills and career. Equipped with the right choice of analytical tools and techniques, one can gain deeper insights into the data, informed recommendations, and make better decisions. This helps us to know what is currently happening in the company to what might happen, and what solutions and steps could be adopted to optimize functions. Each of these types is an essential building block for a business to know and offers a different insight. The types are implemented in stages and are interrelated.
There are broadly five types of business analytics. In this article, we will explore the types of data analytics. To get meaningful insights into this data, we need to know the ways and types of business analytics, which allows us to understand what the data reflects and how it can be used. However, the data itself is raw, unstructured without any meaning.
Types of business intelligence applications how to#
With data being a vital asset for any business ranging from finance, healthcare, social media, energy, retail, real estate, manufacturing, it is highly important to know how to analyze it.