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2-Difference Between Data Analytics 2

The document discusses the five pillars that data analytics and business intelligence are built on: mathematics, statistics, computer science, economics, and managerial sciences. Mathematics and statistics provide the foundational analytical skills, while computer science enables analyzing large datasets. Economics is important for decisions involving large sums of money, and managerial sciences focuses on effectively using the analysis for decision making.

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7 views

2-Difference Between Data Analytics 2

The document discusses the five pillars that data analytics and business intelligence are built on: mathematics, statistics, computer science, economics, and managerial sciences. Mathematics and statistics provide the foundational analytical skills, while computer science enables analyzing large datasets. Economics is important for decisions involving large sums of money, and managerial sciences focuses on effectively using the analysis for decision making.

Uploaded by

Sout-al-Quran
Copyright
© © All Rights Reserved
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Download as DOCX, PDF, TXT or read online on Scribd
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There are five different pillars on which data analytics and

business intelligence stands


 Mathematics
Whenever we do business analysis we can do arithmetic or mathematics .
(in this we studied Arithmetic , Algebra ,Trigonometry, Weighted average,
Cumulative sum,Percentile
 Statistics
Statistics analysis will help there will help us because he will give us three
Dimensional analysis and its third Dimension is what gives us uncertainty To
handle uncertainty in tackling is used. For demotion analysis which more
accurate the better as we move forward. Statistics analysis can give us a better
answer Provides when in the business domain we are taking a decision. For this
we need followings
(Mean, Median, Mode, Standard deviation, Normal distribution)
 Computer science
Knowledge of previous years which we have Data was named Computer Science
makes us capable of doing it The one we named experience And in computer
science we call it data. We also named that data in our analysis. If you include
this computer in Science gives us four dimensional analysis You are providing so
compare today.
(By use of computer we analyze data by using of computer langue R, Python,
SQL and many applications like Excel, Power BI, Tableau and different libraries
like Pandas, Matplotlib and more. A data analytic should be able to install all
these soft wear and applications and well hands-on to work on them)
 Economics
Where we do statistical analysis Will give preference and where we have There is
a decision in economics major where We have a decision worth a lot of money
We have to take someone where we have taken money Have a big problem to
solve So mathematics does not help us there. Economics will help us there Will
do because this five dimensional analysis so he provides for us. the pillars upon
which we will build our In analytics which start mathematics, Statistics, Computer
Science and then After economics and all this while doing it .

 Managerial Sciences
After all this process we will go towards some decision with hope. These thing
not about computer science or economics its all about decision. So its
responsibility of manager who knows better about managerial decision and its
after effects. So this is fifth pillars on which data analytics and business
intelligence stands

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