1、Data Analytics Basics A Beginners GuideIntroductionAn overview of data analyticsThe applications of data analyticsReal-world use cases of data analyticsA glossary of data analytics termsBegin your journey in data analyticsWhere do I start?TABLE OF CONTENTS010203050710121|INTRODUCTIONAs the world mov
2、es further into the digital age,data analytics is increasingly becoming a key element in shaping a companys business strategy.Today,data influences every decision made by an organization,and this is driving the wide-scale adoption of data analytics,including machine learning technologies and artific
3、ial intelligence solutions.Realizing the powerful impact that data-driven insights can have on economic output,companies,across all sectors,are putting a great emphasis on boosting data analytics expertise and implementation.The heightened focus is propelling a surge in data analytics spending,refle
4、cted in various studies conducted by leading market research firms.A recent survey shows that the global market for data analytics will grow from USD 49 billion in 2019 to USD 77.64 billion in 2023,at a compound annual growth rate of 30.08 percent.Another study by Valuates Reports,cited by ,forecast
5、s that the market for data analytics will reach USD 512.04 billion by 2026,at a compound annual growth rate of 14.80%between 2019 and 2026.The data analytics market is booming,and with that,the demand for professionals with the right skills is soaring every day.A BHEF(Business-Higher Education Forum
6、)report shows that over 70%of CEOs in the United States prefer candidates with data analytics skills.With salaries ranging between USD 90,000 to USD 126,000,data analytics is not only the hottest IT job,but it is also one of the best-paying jobs in the world.If you are planning to pursue a career in