Analytics
Analytics is the discovery, interpretation, and communication of meaningful patterns in data. Especially valuable in areas rich with recorded information, analytics relies on the simultaneous application of statistics, computer programming and operations research to quantify performance.
Business
Business is the activity of making one's living or making money by producing or buying and selling goods or services. Simply put, it is "any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors." The term is also often used colloquially (but not by lawyers or public officials) to refer to a company, but this article will not deal with that sense of the word.
Business Analytics
Business analytics (BA) refers to the skills, technologies, practices for continuous iterative exploration and investigation of past business performance to gain insight and drive business planning. Business analytics focuses on developing new insights and understanding of business performance based on data and statistical methods. In contrast, business intelligence traditionally focuses on using a consistent set of metrics to both measure past performance and guide business planning, which is also based on data and statistical methods.
Data
Data ( DAY-tə, DAT-ə, DAH-tə) is a set of values of qualitative or quantitative variables.
Data Science
Data science is an interdisciplinary field of scientific methods, processes, algorithms and systems to extract knowledge or insights from data in various forms, either structured or unstructured, similar to data mining.
Science
Science (from Latin scientia, meaning "knowledge") is a systematic enterprise that builds and organizes knowledge in the form of testable explanations and predictions about the universe.
Science
Today, when so much depends on our informed action, we as voters and taxpayers can no longer afford to confuse science and technology, to confound “pure” science and “applied” science.
Jacques-Yves Cousteau, in Jacques Cousteau and Susan Schiefelbein, The Human, the Orchid, and the Octopus: Exploring and Conserving Our Natural World (2007), 181.
Business
All businesses operate below their true potential. That is unavoidable, given the fallibility of human beings.
Robert Heller, British management journalist and author. 'The Competitors', Chapter 10, The Decision makers (1989).
Science
We say that the string is 'random' if there is no other representation of the string which is shorter than itself. But we will say that it is 'non-random' if there does exist such an abbreviated representation. ... In general, the shorter the possible representation... the less random... On this view we recognize science to be the search for algorithmic compressions. ... It is simplest to think of mathematics as the catalogue of all possible patterns. ... When viewed in this way, it is inevitable that the world is described by mathematics. ...In many ways the search for a Theory of Everything is a manifestation of a faith that this compression goes all the way down to the bedrock of reality...
John D. Barrow, New Theories of Everything (2007).
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