Web Analytics and Sports Analytics

Descriptive analytics = Summarizes historical data to provide insights Predictive analytics = Uses data to predict future outcomes Prescriptive analytics = Provides recommendations on what actions to take

Web analytics = Analysis of online activity for website optimization and ad placement Sports analytics = Used by professional teams for player assessment and strategy decisions Supply chain analytics = Focuses on efficient delivery and logistics for companies like UPS and FedEx Marketing analytics = Enhances consumer understanding for better advertising and pricing strategies

Hadoop = Open-source environment supporting big data processing MapReduce = Programming model used within Hadoop for mapping and reducing data Data security = Protects stored data from unauthorized access or damage Big data = Refers to large datasets that require specialized tools for processing

<p>Health care analytics = Improving patient scheduling, flow, and inventory control Financial analytics = Forecasting financial performance and assessing investment risk Human resource (HR) analytics = Ensuring organizational skill mix, talent acquisition, and diversity goals Government analytics = Driving efficiency and program effectiveness in government operations</p> Signup and view all the answers

<p>Web analytics = Optimizing website configuration, ad placement, and social network utilization Marketing analytics = Enhancing advertising budgets, pricing strategies, demand forecasting, and customer satisfaction Supply chain analytics = Improving inventory control, processing efficiency, and supply chain management Health care analytics = Enhancing patient scheduling, flow, purchasing, and inventory management</p> Signup and view all the answers

<p>Sports analytics = Assessing players for drafts and making contract offers Professional motorcycle racing teams' optimization = Improving gearbox design for competitive advantage MLB playoff series assistance = Helping with on-field decisions like pitcher selection</p> Signup and view all the answers

<p>Forecasting future financial performance = Predicting company's financial outcomes in upcoming periods Assessing risk of investment portfolios and projects = Evaluating potential risks associated with investments Creating optimal portfolios of investments = Developing well-balanced investment portfolios for maximum return Allocating assets efficiently = Assigning resources in a way that maximizes returns and minimizes risks</p> Signup and view all the answers

<p>Four Vs of big data (Volume, Velocity, Variety, Veracity) = Key characteristics defining big data challenges and opportunities Data scientists = Experts who analyze massive datasets using advanced analytical methods</p> Signup and view all the answers