Data Analytics for You and Me

 

Photo by Lukas: https://www.pexels.com/photo/person-holding-chart-and-bar-graph-669612/

Data they said was the oil of the 21^st century. Having access to the right kind of data and the ability to process it gave individuals, businesses, organisations and indeed nations power. That is why the demand for data experts or data scientists as the more qualified ones are called grew exponentially. In a scenario where strength and power were derived from being able to source and leverage high-quality data, the common people felt a loss of control and a feeling of being left in the dark with regard to where the world had reached and their ability to cope with it.

This lack of democratisation on the part of the data revolution caused widespread anxiety among the generations that were born and raised before the digital revolution. There was no attempt to demystify data analytics and explain to whoever wanted to know, how they too could use it to make the way that they worked or took the important decisions in life much more informed and efficient.

Understanding Data Analytics

Data analytics essentially involves going through raw data to arrive at certain conclusions, based on the information available to you. This is done with the help of varied techniques and processes that eventually help you enhance productivity.

To do this, you need to first obtain the data required and then segment it in a manner that you are able to zero in on identifiable patterns and trends, empowering you to make more informed decisions leading to better outcomes.  Much like in mining where you process the raw ore to obtain nuggets of the substance you need, data analytics helps you obtain valuable and useful information from within a very large amount of data comprising raw information as well as glimpses of potentially game-changing insights.

Data Analytics Made Accessible

 

Till very recently you needed highly trained data professionals to do the data processing as well as the extraction of relevant information that could be put to use by businesses and large organisations to enhance their efficiency and productivity. This meant that small businesses and organisations as well as individuals, who could not afford to hire the services of such professionals were deprived of the advantages of leveraging data analytics to achieve higher levels of efficiency and output at work.

But that was in the past and advances in technology have made it possible for anybody to reap he tremendous benefits of basic data analytics, thanks to the emergence of many user-friendly tools. This means that there are no longer any entry barriers to making data analytics available to whoever wants to use it.

Besides, there are a whole host of educational resources available online which can help you apprise yourself with the basic data analytics skills required to enhance the productivity and efficiency of what you are doing.  Among the uses that you can put data analytics to is to get a better handle on your customers' preferences, tracking your personal finances or even improving your health. Data analytics can help you make better informed and more -likely- to succeed decisions in a highly complex and competitive world. It can help you make smart decisions in a world where being able to leverage data defines how successful you will be.

 

 

 

 

 

 

 

 

.