In this blog, I will be sharing some knowledge about Data Analytics. So let's get started without wasting any time!
What is Data Analytics?
Data analytics can be termed as a method for using data sets to find some trends and then get some conclusions about the data. It helps the organization to make content according to the trend eventually having a higher probability of success. Scientists and researchers also use it to test hypotheses and theories which are there in the market.
It is a broader field so it is majorly divided into four parts i.e, descriptive, diagnostic, predictive, and prescriptive analytics.
Why is it important?
It gives a particular direction to any organization so that the probability of success is higher. A company can analyze its customer base, consumer needs, and age groups also with the help of data analytics.
What is Artificial Intelligence?
Artificial intelligence suggests that there are some advanced machines or computers possessing human intelligence. So basically the machines try to perform things that are done by humans. Machine learning is a major component in AI but it requires hardware as well as software knowledge to write machine learning algorithms.
How does AI Help us?
AI is important because it helps us to do work much faster, efficiently, and at a low cost because less manpower is needed. It can be used in various industries potentially it has the capacity to make health system affordable to the people in need.
Is there any connection Between Data Analytics and Artificial Intelligence(AI)?
Data Analytics and AI are connected to each other because Data Analytics can draw conclusions according to the available data and then AI will act based on those conclusions. Let us take an example by saying there is a certain ice cream parlor and 70-80% of the customers buy the chocolate flavor of ice cream than using AI we can make a bot or machine which makes the chocolate ice cream at a faster rate compared to humans. The interesting thing we can note is that we can even use AI for complex analysis which humans find difficult.
What is the difference between Data Analytics and Artificial Intelligence(AI)?
Data analytics is making conclusions based on the past for predicting future trends. On the other hand, AI includes assumptions, analysis of data, and doing things that are hard for humans. One major positive that AI gives is that it provides automation in many processes. We can use AI for Data Analytics but there hasn’t been any case till now where Data Analytics is used for AI.
Conclusion
Data Analytics and Artificial Intelligence both are powerful and important tools in their area. AI provides multidimensional usage as compared to data analytics. With AI we can even conduct in-depth analysis which may be impossible for humans. Please do comment your thoughts below.