The simplest definition of Analytics is "the science of analysis". In reality, the word "Analytics" has not been properly defined by the professional community and may mean different things to different people. A simple and practical definition, however, would be how an entity(i.e., business) arrives at the most optimal or realistic decision from a variety of available options, based on existing data. Business managers may choose to make decisions based on past experiences or rule of thumb, or there might be other qualitative aspects to decision making; but unless there is data involved in the process, it would be considered beyond the purview of analytics. Another definition could be that Analytics is a field of study / profession that has applications in any field (business / social / political / home) where data is available.
Common applications of Analytics include the study of business data using statistical analysis in order to discover and understand historical patterns with an eye to predicting and improving business performance in the future.
by David Gould March 6, 2008
Get the Analytics mug.greatest person you'll ever meet. she has a smile that can brighten your day, everyday. she is easy and fun to talk to. if there is an analynn in your life, keep her close, you won't be sorry.
by lisa dayniam March 15, 2015
Get the analynn mug.Portmanteau of analytical and mythical. Investigation that everyone agrees needs to be done, but nobody ever gets around to doing.
Director: "What do you mean the product bombed? Didn't we do any market research?"
Marketing: "Well, in the end the research was all a bit analythical"
Marketing: "Well, in the end the research was all a bit analythical"
by cfm2 December 13, 2012
Get the Analythical mug.a gorgeous girl that could have anyone she wants because of her huge and amazing personality she’s very thick like woah and she does not care what people have to say for the most part she’s amazing although she’s quite a rat lover
by rat hater May 17, 2018
Get the analey mug.A terrifying and disgusting combination of statistics and chemistry that will crush your social/sex life into nothingness. This is assuming, however, that said person had one before this class.
person1: Hey bro! last night was crazy! what did you end up doing?
person2: Oh, not much you know... sat at home and wanked it till the wee hours of the morning!
person1: Woah, why?
person2: Analytical chemistry took it to me bro.
person2: Oh, not much you know... sat at home and wanked it till the wee hours of the morning!
person1: Woah, why?
person2: Analytical chemistry took it to me bro.
by freebord4lyf January 21, 2010
Get the analytical chemistry mug.by ledibgldgjbg July 7, 2010
Get the Analgy mug.One of the most unproductive form of exam stress. PASS usually occurs the day following an important exam and involves the sufferer analysing and stressing about said exam and all the things they think they got wrong or right, what they could have done better and how well they think they did.
It is usually accompanied by insomnia which usually leads to poor performance in exams that may follow, thus perpetuating further post and pre-exam stress.
It is usually accompanied by insomnia which usually leads to poor performance in exams that may follow, thus perpetuating further post and pre-exam stress.
person1- oh man, I'm gonna be up all night thinking about that physics paper we just wrote.
person2- yeah, I definitely got question 9.3.1 all wrong...
person1- damn it, Post-exam Analysis Stress Syndrome (PASS) is so pointless!
person2- yeah, I definitely got question 9.3.1 all wrong...
person1- damn it, Post-exam Analysis Stress Syndrome (PASS) is so pointless!
by raesayhey November 17, 2009
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