Analytics

The utilization of software to extract insights or significance from data, which can lead to the creation of reports, status indications, or automated actions based on the received information. Analytics involves the exploration and transmission of meaningful patterns found in data. It encompasses two aspects: utilizing descriptive and predictive models to extract valuable knowledge from data (data analysis), and utilizing this understanding to suggest actions or provide guidance for decision-making (communication). Therefore, analytics focuses not only on individual analyses or steps within the analysis process, but on the entire methodology as a whole.