Analytics uses data and statistics to gain insights and understand complex systems, patterns, and trends. It involves using various techniques and tools to collect, organise and analyse data to draw meaningful conclusions.
Analytics applies to many areas, including engineering, mining, and surveillance. It includes various types, such as descriptive analytics, which describes and summarises data, and diagnostic analytics, which identifies the root causes of problems or issues.
Predictive analytics forecasts future trends or outcomes, and prescriptive analytics provides recommendations or optimises decision-making.
Overall, analytics is a powerful tool for gaining insights and understanding from data, which can inform decision-making, improve performance, and drive innovation in many different areas, all of which Precision holds vast experience and learnings.