New Terms in Analytics Nobody Told You Really Exist: And, They’re Fun to Work Wi

Posted by richardpaul on July 12th, 2019

To avoid the risk of being stranded in the crowd of Big Data analytics, we recommend you reading this article on the most sophisticated types of analytics that need your attention.

Big Data Analytics has coiled itself around every industry. Without data management and analytics, it is hard to ascertain the next steps of growth and sustenance. If you are an industry professional, learning the basics of Big Data from Analytics Training Institute would barely get you across the “Finish” line.

You will enjoy learning about the analytics that has recently bubbled to the top.

Mobile Data Analytics

Mobile Data Analytics or simply mobile analytics is a specialized process of measuring and analyzing data from mobile devices and related gadgets and applications. Currently, there are 2 billion smartphones and as many mobile devices and platforms. Mobile data analytics help marketing and advertising platforms to reach the target audience and growing consumer base with better targeting, retargeting, and retention.

To work in the mobile data analytics company, you would have to also learn about associated technology in Website, Digital, Advertising, and People-based targeting.

Location Analytics

Just like mobile analytics, we expect Location data analytics to grow in size, scale, and reputation by 2021-2023. Location analytics is a powerful data visualization based technology platform that represents mobile data locations, beacon data, and other information systems in the form of heatmaps and charts. It helps geographical detection and mapping of mobile users and retail shoppers.

Today, location data maps are changing the way we look at existing systems of Zip Codes, street names and so on. Every location on the map can be described based on your location data collected from IP Codes, and mobile location data.

Financial Predictive Analytics

If you are planning to get a job in the Fintech industry, learn what the Chef Financial Officers are learning. Financial Predictive Analytics is changing the BI market for Fintech companies using predictive analytics for planning, forecasting, and decision making.

Cash Flow Management and Fraud Detection departments in Fintech companies are ruling the roost and with more analytics, we only hope to see Financial Predictive Analytics gaining more popularity among Analytics Training Institute curriculums.

Clinical Data Analytics

If you have an eye for perfection and excellence towards the healthcare industry, you are just the person to apply for the role of a Clinical Data Analyst. For that, you have to get specialized training in Clinical Data Analytics. Many hospitals, healthcare companies, OEM companies, and doctors are leveraging Clinical Data Analytics platforms (CDA) to design data-based clinical strategy and run error-free clinical operations at a much lesser cost.

By 2023, these specialized analytics would contribute to the multi-billion dollar economy.