Delivery giant DoorDash takes step toward public offering
Food delivery giant DoorDash has taken a first formal step toward a stock market debut.
Feb 27, 2020
0
4
Business
Food delivery giant DoorDash has taken a first formal step toward a stock market debut.
Feb 27, 2020
0
4
Engineering
Smart city initiatives are increasingly implemented in various sectors like mobility and ICT to better handle resources and improve citizens' quality of life. The vision of such innovative solutions holds out the promise ...
Feb 5, 2020
0
7
Consumer & Gadgets
This question has endured across cultures and civilizations. It has given rise to a plethora of religions and spiritual paths over thousands of years, and more recently, some highly amusing apps.
Jan 16, 2020
0
11
Software
A team of researchers from the National University of Singapore (NUS) has put Singapore on the global map of Artificial Intelligence (AI) and big data analytics. Their open-source project, called Apache SINGA, "graduated" ...
Nov 7, 2019
0
12
Computer Sciences
The ubiquity and sheer volume of data generated today give experts in virtually every domain ample information to track everything from financial trends, disaster evacuation routes, and street traffic, to animal migrations, ...
Oct 23, 2019
0
249
Business
Machines and the internet are woven into the fabric of our society. A growing number of users, devices and applications work together to produce what we now call "big data". And this data helps drive many of the everyday ...
Oct 22, 2019
0
4
Engineering
Scientists expect that in the future, electronically active garments containing unobtrusive, portable devices for monitoring heart rate and respiratory rhythm during sleep, for example, will prove clinically useful in health ...
Sep 12, 2019
0
61
Internet
Mustafa loves good coffee. In his free time, he often browses high-end coffee machines that he cannot currently afford but is saving for. One day, traveling to a friend's wedding abroad, he gets to sit next to another friend ...
Sep 11, 2019
0
8
Internet
The upcoming Canadian federal election once again raises the spectre of interference and disruption through the misuse and abuse of personal data.
Aug 6, 2019
0
0
Consumer & Gadgets
In the Iron Man movies, Tony Stark uses a holographic computer to project 3-D data into thin air, manipulate them with his hands, and find fixes to his superhero troubles. In the same vein, researchers from MIT and Brown ...
Jun 27, 2019
1
3
Analytics is the application of computer technology, operational research, and statistics to solve problems in business and industry. Analytics is carried out within an information system: while, in the past, statistics and mathematics could be studied without computers and software, analytics has evolved from the application of computers to the analysis of data and this takes place within an information system or software environment. Mathematics underpins the algorithms used in analytics - the science of analytics is concerned with extracting useful properties of data using computable functions (see Church-Turing thesis), and typically will involve extracting properties from large data bases (see data mining). Analytics therefore bridges the disciplines of computer science, statistics, and mathematics.
A simple definition of analytics is "the science of analysis". A practical definition, however, would be that analytics is the process of obtaining an optimal or realistic decision based on existing data. Business managers may choose to make decisions based on past experiences or rules of thumb, or there might be other qualitative aspects to decision making; but unless there are data involved in the process, it would not be considered analytics.
Common applications of analytics include the study of business data using statistical analysis in order to discover and understand historical patterns with an eye to predicting and improving business performance in the future. Also, some people use the term to denote the use of mathematics in business. Others hold that the field of analytics includes the use of operations research, statistics and probability. However, it would be erroneous to limit the field of analytics to only statistics and mathematics.
Analytics closely resembles statistical analysis and data mining, but tends to be based on modeling involving extensive computation. Some fields within the area of analytics are enterprise decision management, marketing analytics, predictive science, strategy science, credit risk analysis and fraud analytics.
This text uses material from Wikipedia, licensed under CC BY-SA