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Data Analyticsr Technology
Data analytics is nothing new. Today, though, the growing volume of data and the advanced analytics technologies available mean you can get much deeper data insights more quickly.
Data management :Before you can analyze data, you need to have procedures in place for managing the flow of data in and out of your systems and keeping your data organized.
Data mining :The term data mining refers to the process of sorting through large amounts of data to identify patterns and discover relationships between data points.
Predictive analytics :Predictive analytics technology helps you analyze historical data to predict future outcomes and the likelihood of various outcomes occurring.
Benefits of Implementing Big Data Analytics
Digest Large Amounts Of Data
Improve Decision-Marking
Innovate Business Strategies
Drive Data Literacy
Reduce Operational Costs
Boost Employee Producativity
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Waterfall Model
The waterfall model is a classical model used in system development life cycle to create a system with a linear and sequential approach. It is termed as waterfall because the model develops systematically from one phase to another in a downward fashion.
Requirements
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Design
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Implementation
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Verification
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Maintenance
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Ways to Use Data Analytics
Data has the potential to provide a lot of value to businesses, but to unlock that value, you need the analytics component. Analysis techniques give businesses access to insights that can help them to improve their performance. It can help you improve your knowledge of your customers, ad campaigns, budget and more.
Improved Decision Making
Companies can use the insights they gain from data analytics to inform their decisions, leading to better outcomes.
Data analytics eliminates much of the guesswork from planning marketing campaigns.
More Effective Marketing
When you understand your audience better, you can market to them more effectively. Data analytics also gives you useful insights into how your campaigns are performing so that you can fine-tune them for optimal outcomes.
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