The Analytics: Advantage Sculpting Tomorrow’s Decisions Today

Published: 22 Oct 2024, Last Modified: 01 Dec 2024Taylor and Francis GroupEveryoneCC BY-NC-ND 4.0
Abstract: In the present-day landscape of rapid technological advancement, the synergy between data analytics and decision-making processes has emerged as a pivotal force, revolutionizing how individuals and organizations navigate complexities. Data analytics serves as the backbone, offering the tools and methodologies to harness the voluminous complexities that come up each day. Through advanced analytics techniques, and patterns, trends and correlations hidden within the data are unveiled, providing valuable insights to decision-makers. Despite its transformative potential, challenges such as data quality, interpretability, and ethical concerns persist. The authors tend to explore these challenges, emphasizing the need for interdisciplinary collaboration and ongoing advancements in technology to maximize the benefits of data-analytics and decision-making to the organization. By leveraging powerful tools such as Python, PowerBi, RapidMiner, TensorFlow, the authors plan to conduct sophisticated analysis, from data cleaning and preprocessing to statistical modeling, data visualization and predictive analytics to understand and overcome the challenges faced by the organizations. As authors delve into the challenges and opportunities within the realm of data analytics, the proficiency in utilizing these tools emerges as a powerful asset, shaping a holistic and effective approach to decision-making.
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