BIG DATA INTEGRATION

BIG DATA INTEGRATION

1. Business Analytics.

   • Business Analytics is the practice of using data, statistical methods, and analytical techniques to gain insights and drive informed decision-making in business. It involves collecting, processing, and analyzing data to identify trends, optimize operations, and improve strategic planning.
     • Key Components of Business Analytics -Descriptive Analytics: Examines historical data to understand past performance (e.g., sales reports, customer behavior). -Diagnostic Analytics: Investigates why something happened (e.g., root cause analysis of a drop in revenue). -Predictive Analytics: Uses statistical models and machine learning to forecast future trends (e.g., demand forecasting, risk assessment). -Prescriptive Analytics: Recommends actions based on data insights (e.g., optimization, decision automation).

2. Data and Statistical Methods.