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.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
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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
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Get the analistic 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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An uncommon Female name.
An Analysa is a unique individual with many hidden talents and plenty friends. An Analysa hates liars, and is very laid back. An Analysa is a very creative person sometimes used as slang for creative or unique
An uncommon Female name.
An Analysa is a unique individual with many hidden talents and plenty friends. An Analysa hates liars, and is very laid back. An Analysa is a very creative person sometimes used as slang for creative or unique
by 210prince June 14, 2009
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