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Data Analytics in the 21st Century

There is a lot of demand for data analysts, with lots of available roles and not enough candidates to fill them. Data analysis is the process of arranging large amounts of unorganised information and extracting important insights from it. These insights are very important for decision-making in many organisations and companies. For example, a data analyst can take a large amount of information collected from sources like customer surveys or past customer feedbacks, purchases, and the likes. Organise it, and produce a detailed analyses and even visual representations of the data to depict ways to improve the organisations business, revenue and day to day running. Let’s take a look into what data analytics means to you as a person and to the world.

Data analysis is now a very important part of decision making in the 21st century because, there are so many factors involved with making the best decisions, either in a company or in our personal life’s. In data analysis we make decisions about customers, predictions, increasing profit, behavioural patterns, and we execute decision-making based on this. An example can be found in how social media platforms like Facebook and Instagram are able to give reliable analyses and insights on several activities, what type of content is trending, where its trending, and what target audience is responding to you. and following to help make better decisions in the kind of content business owner’s post.

Data analytics help us to make better decisions, its methods are also very useful in making decisions at home and in our personal lives.  A good term for this is known as Personal Analytics. We now have automated systems and bots that review our data and provide Predictions to manage our lives and relationships. They can also provide meaningful insights to meet our health, financial, or life goals. As technology a major part of living, the availability of analytical tools, apps to analyze data is greatly underutilised. It is quite likely that Personal Analytics will be a major part of living in following years to come.

If you are interested in getting a first crack at such opportunity, you can start by collecting data and using reliable analytical tools to analyse and draw insights about important things like you finances . A perfect example of personal analytics can be found in MyAXA Plus. One the amazing features of having the app is that it enables you to get reliable data analyses of your financials. MyAXA Plus allows registered and unregistered users to generate instant quotes of any product; use the BMI calculator; read blog articles; check investment trends & rates; calculate returns on investment; calculate the market value of any car; and contact sales agents for more information.

Want to know more about our innovative products and services, please speak to an AXA Mansard agent by dialing 0700 AXA MANSARD (0700 292 6267273) or visit www.axamansard.com/ or send an email to ccare@axamansard.com.

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