analytics Definition
the systematic computational analysis of data or statistics, often with the aim of discovering patterns or drawing conclusions.
Using analytics: Examples
Take a moment to familiarize yourself with how "analytics" can be used in various situations through the following examples!
Example
The company uses analytics to track customer behavior and preferences.
Example
Analytics can help businesses make informed decisions based on data.
Example
She specializes in web analytics and helps companies optimize their online presence.
analytics Synonyms and Antonyms
Synonyms for analytics
- data analysis
- data mining
- business intelligence
Phrases with analytics
the use of data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data
Example
Predictive analytics can help businesses anticipate customer needs and preferences.
the process of examining large and varied data sets to uncover hidden patterns, unknown correlations, market trends, customer preferences, and other useful business information
Example
Big data analytics can help companies gain insights into customer behavior and preferences.
the practice of gathering data from social media platforms and analyzing that data to make business decisions
Example
Social media analytics can help companies understand how customers perceive their brand and products.
Summary: analytics in Brief
'Analytics' [əˈnælɪtɪks] refers to the systematic computational analysis of data or statistics, often with the aim of discovering patterns or drawing conclusions. It is used in various fields, including business, marketing, and technology, to make informed decisions based on data. Phrases like 'predictive analytics,' 'big data analytics,' and 'social media analytics' denote specific applications of analytics in different contexts.
