ANSWER
Data analytics: data collecting and prospective application
Data analytics is the methodical gathering, arrangement, and analysis of data aimed at extracting insightful information for use in guiding decisions. Data analytics collects both structured and unstructured data—that is, numerical numbers, consumer demographics, or product sales and social media interactions, emails, or customer reviews respectively. Data in the healthcare industry could include patient records, medical histories, test findings, and treatment results. In business, it could refer to consumer actions, browsing patterns, or purchase record.
The gathered information finds application in many different sectors. Predictive analytics could assist in healthcare, for instance, disease outbreak forecasts, patient care optimisation, and treatment protocol improvement. Data analytics is used in company to better operational efficiencies, consumer behaviour analysis, marketing strategy enhancement, and customer experience personalisation. Data analysis can also be applied for risk management, trend prediction, and decision-making so helping companies to see possibilities and difficulties. Advanced machine learning techniques enable predictive models to even offer anticipatory insights into future results including consumer retention rates or market trends. But responsible use depends on ethical treatment of such data, especially with relation to security and privacy.
Referenues
Bertsimas, D. & Kallus, N. 2019 Foundations and uses of data science and analytics Press from MIT.
Chen, H., Chiang, R. H. L., & Storey, V. C. 2012 Business Intelligence and Analytics: From Big Data to Big Impact MIS Quarterly, 36(4), 1165–1148.
QUESTION
APA Format .No plagiarism.200 WORDS
TOPIC: Data Analytics
What information is being collected and how it could potentially be used in the