LONDON--(BUSINESS WIRE)--Quantzig, a global analytics solutions provider, has announced the completion of their latest article on the seven most popular analytics tools used in business.
The growing importance and demand for data analytics in the market have created many opportunities worldwide. Data-driven organizations consider their data as company assets and use it for gaining a competitive advantage. Successful business analytics depends on various factors like the skilled analysts who have good knowledge of the technologies and the business, quality of data, and an organizational commitment to data-driven decision-making. It becomes slightly tricky to shortlist the top data analytics tools, so Quantzig has listed the seven most popular analytics tools used in business.
According to the analytics tools experts at Quantzig, “With the help of data analytics tools, business managers can easily classify complex data and use them for effective decision making.”
View Quantzig’s comprehensive list of the seven most popular analytics tools used in business
Quantzig is a global analytics advisory firm concentrated on leveraging analytics for prudent decision making and offering solutions to clients across several industrial sectors. Listed below are the seven most popular analytics tools used in business.
Most popular analytics tools used in business
- Correlation analysis: A statistical tool that helps in identifying the relationship between two different variables and the strength of that relationship. It is mostly helpful when you have a suspicion that there is a relationship between two different variables and you would like to check if your suspicion is correct.
- Visual analytics: Creating a visual or a graph is the simplest way to analyze data. This combines both data analysis with data visualization and human interaction. This analytics tool is extremely helpful in understanding huge amounts of data.
- Regression analysis: This analytics tool helps in finding out the relationship between variables. For instance, the price and product demand relationship. If you believe that a variable is influencing another and you want to find whether your hypothesis is right or not, this is the go-to tool.
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Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on all of Quantzig’s services and the solutions they have provided to Fortune 500 clients across all industries, please contact us.