Data analytics gained popularity mainly from the 1990s and early 2000s, spurred by the following major factors:
Digital Data Explosion: The growth of the internet, e-business,
and digital accounting produced enormous volumes of data that organizations sought to make sense of and capitalize on.
Computing Power Improvements: Increased computational speeds and lower
costs for computers enabled the processing and analysis of vast databases that were too large in the past.
Emergence of Business Intelligence Tools: Tools such as early Tableau, Microsoft Excel enhancements, and other BI tools enabled data analysis to become more accessible to businesses.
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Rise of Data Mining: Methods of extracting trends and patterns from large datasets became more sophisticated and feasible.
Expansion of Analytics in Marketing and Finance: Businesses saw how useful data insights were for targeting customers,
identifying fraud, and making investment decisions.
Since then, data analytics has only grown more popular and essential, especially with the rise of big data and machine learning in the 2010s
and beyond.
Want me to explain how a specific industry or company popularized data analytics?
Please visit our website:- Data Analytics Course in Pune
Digital Data Explosion: The growth of the internet, e-business,
and digital accounting produced enormous volumes of data that organizations sought to make sense of and capitalize on.
Computing Power Improvements: Increased computational speeds and lower
costs for computers enabled the processing and analysis of vast databases that were too large in the past.
Emergence of Business Intelligence Tools: Tools such as early Tableau, Microsoft Excel enhancements, and other BI tools enabled data analysis to become more accessible to businesses.
Please visit our website:- Data Analytics Classes in Pune
Rise of Data Mining: Methods of extracting trends and patterns from large datasets became more sophisticated and feasible.
Expansion of Analytics in Marketing and Finance: Businesses saw how useful data insights were for targeting customers,
identifying fraud, and making investment decisions.
Since then, data analytics has only grown more popular and essential, especially with the rise of big data and machine learning in the 2010s
and beyond.
Want me to explain how a specific industry or company popularized data analytics?
Please visit our website:- Data Analytics Course in Pune