Database Management Companies in India are revolutionizing their services and offerings, as they delve deeper into data insights. Likely, they share numerous types of data analytics reports in accordance with data analytics and data management services so that companies can flourish.
The different types of analytics add value to an organization’s growth and development. Analysis of data happens to be the basic requirement for companies these days. As data links everything and provides a concluding result. Hence, data analytics forms the pivotal presence in this new AI-generated business world.
Data Analytics involves the process of data cleaning, integration, and visualization. Data cannot be of any help if the analytics is not applied. Hence, the different types of data analytics shades light on different areas. Get justified answers to your bothering questions through data and grow your business with the right strategies and constructive developments.
Thereby, let us know about the 4 types of Data Analytics
Descriptive Analytics
Descriptive analytics involves statistical tools, bar charts, and graphs, which provide data overview. Herein, data engineering & analytics services in India provide a summarized report through sales leads overview, revenue reports, and dashboard. This type of analytics is the most common and crucial for businesses to know about their areas of growth and concerns.
Diagnostic Analytics
Diagnostic Analytics establishes the relation between data. Thereby, analytics helps in understanding patterns and identifying correlations. Whereas diagnostic analytics explains the how and why of the problem. For instance, diagnostic analytics defines why a particular location is retaining customers and why the other zones are not. It defines the factors.
Additionally, the database management company in India applies the techniques of searches, filters, and compares the data to extract the final result.
Predictive Analytics
Predictive Analytics provides insights into the future by studying historical data. It predicts the likelihood of any possible events. This type of analytics gives a logical prediction. Predictive analytics provides a report on risk assessment, sales forecasts, etc.
Database Management Company in India progresses with predictive analytics through machine learning tools and statistical modeling. Likely, predictive analytics helps in anticipating growth and peak seasons. Hence, companies can strategize accordingly.
Prescriptive Analytics
Prescriptive analytics is the combination of internal, external, and machine learning techniques for optimal business decision-making. Artificial Intelligence is a perfect example of prescriptive analytics as it processes volumes of data in real-time and provides substantial information.
Prescriptive analytics helps in improving business processes, customer service, and strategizing campaigns. As you get to understand the market and industry well through prescriptive analytics.
Contact Keen Solution for Data Analytics and Data Management Services
Each type of analytics provides detailed reports to a different degree. Henceforth, have a comprehensive understanding of data analytics as our team of consultants is experienced and skillful in this domain.
Keen Solution specializes in data engineering & analytics services in India. We have a team of skilled, experienced, and knowledgeable experts who can assist with analytical reporting. Lastly, connect for a detailed overview of analytics and grow your business manifold.