analytics

Vocabulary Word

Definition

Think of 'analytics' as the science of number puzzles. It involves studying data to discover meaningful patterns and insights, in order to make informed decisions or predictions.

Examples in Different Contexts

In the tech world, 'analytics' might involve tracking how users interact with an app. Developers can then make improvements based on the data.

Practice Scenarios

Academics

Scenario:

Our academic research on climate change indicates significant shifts in global temperatures over the last century. We need to explore the causal relations in detail.

Response:

I agree, we should use our data analytics to study the correlation between human activities and rising global temperatures.

Business

Scenario:

Sales have been declining over the past few quarters. Let's delve deeper into our existing customer base to understand the factors leading to this trend.

Response:

I agree. We could start by analyzing our sales analytics to identify products or regions with declining sales.