Data analytics refers to the process and practice of analyzing data to answer questions, extract insights, and identify trends. This is done using an array of tools, techniques, and frameworks that vary depending on the type of analysis being conducted.

What is meant by data analysis?

Data Analysis is the process of systematically applying statistical and/or logical techniques to describe and illustrate, condense and recap, and evaluate data.

Why data analysis is important in data science?

Data analytics is important because it helps businesses optimize their performances. Implementing it into the business model means companies can help reduce costs by identifying more efficient ways of doing business and by storing large amounts of data.