If we compare earlier years, Data Analytics was the most misunderstood hero in the IT industry, but it has immense powers.

But nowadays Data scientists are the topmost jobs in 2022 that we can’t ignore. It’s dangerous to quit data science.

The powers of data are innovative in information technology continue to speed up, persons are increasingly doing their daily activities through data science. It helps to capture the correct data at the right time.

Inform business decision making via using PREDICTIVE ANALYTICS which suggests what would be happened next and how should business react to these changes. It determines how these changes also would affect customer demand.

If we are talking about some real-world examples, let us talk about London Olympics a few years ago, in this event around 18$ million journeys have been made. So, the operators were able to use the data from similar events, it predicted the number of people who were traveling and ensure that the transportation would be smooth. So, data analytics is helping in **TRANSPORTATION **also.

DATA ANALYTICS ARE ORGANISED INTO 6 TYPES IN AN INCREASING ORDER

Descriptive Analysis.
Exploratory Analysis.
Inferential Analysis.
Predictive Analysis.
Casual Analysis.
Mechanistic Analysis.

So, these are organized into 6 types and in increasing order.

If we are talking about the scope of Data analytics, the growth is increasing day by day and the demand for data analytics is also increasing. It supported the data in the analytical industry with a significant increase in the collection of data that have the potential to invest in various markets and businesses, it has immense power.

According to World Bank, Internet penetration doubled from 20% in 2018 to 41% in 2019 and is expected to add over 900 million users in 2025.

In the data analytics industry as written in IBEF that the data analytics industry already recorded a substantial 26.5% year-on-year growth in 2021, with a market value reaching **US$ 45.4 **billion.

In the IT sector, there is 43% of the market in 2021, this sector is expected to rise by 4.5 lakh of employees in the year 2022. In banking the market share of 13.9% in BFSI. Retail and e-commerce own a 5.9% share in the data analytics industry. In pharma and healthcare, the market share is 8% and in engineering and manufacturing, the market share is 6.90%.

CONCLUSION

So, the conclusion is data analytics growth will be increasing day by day in the incoming years. And it’s all about decision making and helps to take decisions in business for their growth perspective. And the growth in all the sectors will increase and have the potential to change the world with their powerful tools.