ANALYSIS VS ANALYTICS

ANALYSIS VS ANALYTICS

ANALYSIS

ANALYTICS

Dividing a large data set (which consists of various data-types) into smaller parts, studying them and examining how they relate with each other

Used to study past events

To explain HOW and WHY

Combination of logical and computational reasoning on parts from analysis

Refers to the future

Explores potential future events

Of Two Types

Qualitative

Quantitative

Planning based on experience and analysis

Formulas and Algorithms

How and Why

Data and Analysis