14 Fascinating Data Analytics Real Life Applications in 2020 (1)

https://www.upgrad.com/blog/data-analytics-applications/
In our generation, it seems that data dominates the most modern companies. A significant amount of information is circulating all over the world due to that the internet becomes more and more popularization. 

As a result, entrepreneurs are conscious that this data technology will raise a revolution in this era. 
To obtain such critical insight into data as a whole and keep competitive, it is important to analyze data and structure specific information model that can be used to enhance certain aspects of a market or the business as a whole.

There are several applications of data analytics elaborated in the following paragraphs, and businesses are actively using such data analytics applications to keep themselves in the competition. Not only businesses but even government departments are adopting data analysis for several reasons, like monitoring crime.

Big data analysis can be used to revolutionize not only the freight industry but also in the public transportation system. For example, a big data model is able to provide a much more reasonable and efficient route to reduce the cost and save time.
What is more, it can be used especially in areas where you need to transport a huge number of passengers to a target area and require seamless transportation. Indeed, his data analytical technique was applied in the London Olympics a few years ago.

When it comes to investment, the risk is always the point of how to get profit. Consequently, risk management is essential expertise for a qualified investor.
While a person is being insured, there is a lot of data analytics that goes on during the process. The risk involved while ensuring the person is based on several data like actuarial data and claims data, and the analysis of them helps insurance companies to realize the risk.


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