Data Science & Analytics

Data analysis refers to the processing of data by traditional (e.g., classic statistical, mathematical, or logical) theories, technologies, and tools for obtaining useful information and for practical purposes.

Data analytics refers to the theories, technologies, tools, and processes that enable an in-depth understanding and discovery of actionable insight into data. Data analytics consists of descriptive analytics, predictive analytics, and prescriptive analytics.

Advanced analytics refers to theories, technologies, tools, and processes that enable an in-depth understanding and discovery of actionable insights in big data, which cannot be achieved by traditional data analysis and processing theories, technologies, tools, and processes.

Big data refers to data that are too large and/or complex to be effectively and/or efficiently handled by traditional data-related theories, technologies, and tools.

Data science is the science of data.

Data scientist refers to those people whose roles very much center on data.

Descriptive analytics refers to the type of data analytics that typically uses statistics to describe the data used to gain information, or for other useful purposes.

Predictive analytics refers to the type of data analytics that makes predictions about unknown future events and discloses the reasons behind them, typically by advanced analytics.

Prescriptive analytics refers to the type of data analytics that optimizes indications and recommends actions for smart decision-making.

Explicit analytics focuses on descriptive analytics typically by reporting, descriptive analysis, alerting, and forecasting.

Implicit analytics focuses on deep analytics, typically by predictive modeling, optimization, prescriptive analytics, and actionable knowledge delivery

Deep analytics refers to data analytics that can acquire an in-depth understanding of why and how things have happened, are happening, or will happen, which cannot be addressed by descriptive analytics.

Data mining and knowledge discovery is the process of discovering hidden and interesting knowledge from data.