Tools that drive data analysis
- Third-party analytics. Numerous tech companies, such as Google and Facebook, specialize in collecting and analyzing the data of other businesses and providing elementary analytics to owners. These analytics are an excellent tool for small businesses with limited budgets or no need for deep statistics.
- Internal data analysts. Mid- to large-size companies sometimes hire a dedicated data analyst whose sole responsibility is to oversee the processing and organization of all their data. Bringing on such a specialist provides the greatest, though pricey, flexibility.
- Custom-built data platforms. Organizations that process a massive amount of data can custom-build data analytics platforms from scratch. These platforms include robust dashboards that analyze millions of datasets in real-time. Their implementations have streamlined the operations of many multinational corporations.
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