248 Data analytics are like metro maps, serving as navigational tools through a complex array of numbers and figures to unearth valuable insights. Much like the varied routes in a metro system, different types of analytics can steer you towards diverse destinations in the data realm. Is your business getting enough attention online? Well, data is a great way to find out! Table of Contents Descriptive Data Analytics: Painting a PictureCommon TechniquesIn ActionDiagnostic Data Analytics: Uncovering the MysterySleuth TechniquesDouble-Edged ExamplesSpotting the DifferenceGranularity of InsightsFocus on Past vs. ‘Why’ Descriptive Data Analytics: Painting a Picture Descriptive analytics involves summarizing historical data insights. It resembles observing a finely crafted painting: appreciating the brushstrokes’ beauty without always understanding the artist’s color choices. This approach serves as a valuable entry point for novices and business professionals seeking a comprehensive overview of their data without delving extensively into causation. Common Techniques It’s all about the numbers. Here’s where you’ll find your familiar friends like mean, median, mode, and standard deviation. You might also encounter frequency distribution charts and other summarizing tools that help you describe your dataset in a nutshell. In Action An e-commerce business uses descriptive analytics to understand their sales patterns over a year. They might look at monthly sales figures to identify when sales peak or dip, without necessarily uncovering the reasons behind these trends. Diagnostic Data Analytics: Uncovering the Mystery Diagnostic analytics, conversely, embodies the investigative spirit like that of Sherlock Holmes within the realm of data. It delves into the intricate task of revealing the underlying reasons (‘why’) behind the surface-level descriptions (‘what’). Consider it detective work, meticulously unraveling the layers of the data onion to grasp the fundamental origins of discerned patterns or trends. Sleuth Techniques To play the role of data detective, you need to use a more advanced toolkit. This includes correlation analysis, regression models, and drill-down reports that dissect your data and help to establish causal relationships. Double-Edged Examples Consider a healthcare provider that uses diagnostic analytics to find out why a particular demographic is more prone to a certain illness by drilling down into health records and lifestyle data. By doing so, they move beyond mere descriptions of patient health to uncover the root causes. Spotting the Difference The clearest distinction between descriptive and diagnostic analytics lies in their respective purposes and approaches. Granularity of Insights Descriptive analytics offers a comprehensive, top-level perspective of the data, while diagnostic analytics delves into detailed, profound insights that surpass the superficial ‘what’. Focus on Past vs. ‘Why’ Where descriptive analytics tells you what happened, diagnostic analytics digs into the why it happened, making it an analytical tool for causation rather than just describing the data. Both types of analytics serve as essential components in the larger data analysis process, offering unique advantages and insights. Whether you need to understand your e-commerce sales trends or crack a business mystery, knowing when to use descriptive vs. diagnostic analytics will always keep you one step ahead in the world of data-driven decision-making 0 comment 0 FacebookTwitterPinterestEmail Uneeb Khan This is Uneeb Khan, have 4 years of experience in the websites field. Uneeb Khan is the premier and most trustworthy informer for technology, telecom, business, auto news, games review in World. previous post Strategies to Cultivate High-Performing Executive Teams next post What is Salary Survey Software and How Is It Used? Related Posts Common Mistakes to Avoid in a 360 Product... July 25, 2024 The Impact of Rocket City Influence Leveraging Local... July 12, 2024 Creating Content for Voice Search: What You Need... July 11, 2024 Embracing the Digital Future: How Cody Leads Businesses... June 26, 2024 Master in Management: Curriculum and Career Opportunities June 11, 2024 How Much Does Google Ads Cost: An In-depth... June 8, 2024 Transform Marketing with Cutting-Edge Location Intelligence and Omnichannel... June 8, 2024 Andrea Cavasin: The Innovator Behind Italy’s Metaverse Revolution June 2, 2024 How to Choose the Right SEO Agency for... May 16, 2024 How Cosmetic Retailers Can Improve Sales with Consumer... April 26, 2024