What is data analytics?

Question

How Data analytics will help in finance sector,as data analytics is booming now,what is its role in dealing with finance? What are the tools of data analytics are used in finance?What is the importance of data analytics in finance?

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Answer 1

Data Analytics is the process of collecting raw data from various databases and analysing them using statistical tools and machine learning techniques.

The primary goal of a data analyst is to associate with organisations and companies in identifying cost-cutting and revenue growth.

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Answer 2

Data analytics is a subset of data science that focuses on extracting insights from historical data sets. It involves analysing past events and finding patterns to predict future outcomes, such as what products to sell or where to advertise.