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Definitions from the Web

Analytics

Definition:

Analytics refers to the systematic discovery, interpretation, and communication of meaningful patterns, trends, and relationships within data, with the goal of aiding informed decision-making.

Part of Speech:

Noun

Senses:

1. Statistical Analysis:

Analytics primarily involves the statistical analysis of data to uncover valuable insights.

Example Sentence:

The company used analytics to analyze customer preferences and optimize their marketing strategies.

Related Products:

Statistics Books, Data Analysis Software

2. Web Analytics:

Web analytics focuses specifically on the analysis of website data to measure and optimize web performance, user behavior, and marketing effectiveness.

Example Sentence:

By analyzing web traffic patterns, web analytics can help businesses identify areas for improvement on their websites.

Related Products:

Web Analytics Books, Website Performance Tools

3. Business Analytics:

Business analytics involves the analysis of business data to gain insights into various aspects of an organization, such as operations, finance, marketing, and customer behavior.

Example Sentence:

Using business analytics, the company was able to identify cost-saving opportunities and improve their overall efficiency.

Related Products:

Business Analytics Books, Data Visualization Tools

4. Local Analytics:

Local analytics refers to the analysis of data specific to a particular region, locality, or location.

Example Sentence:

By conducting local analytics, the city council was able to uncover patterns of crime and implement targeted solutions for safer neighborhoods.

Related Products:

Local Analytics Books, Geospatial Data Analysis Tools