This Edureka R Training tutorial (R Tutorial Blog: https://goo.gl/mia382) will help you in understanding the need of analytics and fundamentals of R with examples. Below are the topics covered in this tutorial:
1. Why do we need Analytics?
2. What is Business Analytics?
3. Why R?
4. Who uses R?
5. Demo in R
4. https://www.edureka.co/r-for-analyticsEDUREKA DATA ANALYTICS WITH R CERTIFICATION TRAINING
Why do we need Analytics?
➢ Below are some of the domains and the problems they face :
➢ Large amount of customer data
is generated everyday
➢ While dealing with millions of
customers on regular basis, it
becomes hard to track their
mortgages.
➢ Insurance domain extensively depends on
forecasting.
➢ By understanding the risk involved based
on credit report, it becomes easier to decide
which policy to accept or reject.
➢ Every year millions are admitted in
hospital.
➢ Billions are spent annually just in
the admission process.
Banking Insurance Healthcare
5. https://www.edureka.co/r-for-analyticsEDUREKA DATA ANALYTICS WITH R CERTIFICATION TRAINING
Why do we need Analytics?
➢ Below are the solution for the problems faced by different domains :
Banking Insurance Healthcare
➢ R builds a custom model that
maintains the loans provided to
every individual customer which
helps us to decide the amount to
be paid by the customer over time.
➢ By using the continuous credit report
as input, we can create a model in R
that will not only assess risk appetite
but also make a predictive forecast as
well.
➢ Given the patient history and
medical history, a predictive
model can be built to identify
who is at risk for hospitalization
and to what extent the medical
equipment be scaled
8. https://www.edureka.co/r-for-analyticsEDUREKA DATA ANALYTICS WITH R CERTIFICATION TRAINING
What is Business Analytics?
➢ Data analytics examines large and different types of data to uncover hidden patterns, correlations and
other insights.
Data Analytics Decisions
9. https://www.edureka.co/r-for-analyticsEDUREKA DATA ANALYTICS WITH R CERTIFICATION TRAINING
What is Business Analytics?
➢ Below are some of the domains where data analytics can be used:
Business Analytics
Statistical Analysis
Data Exploration
Predictive Models
Data Visualization
Data Mining
11. https://www.edureka.co/r-for-analyticsEDUREKA DATA ANALYTICS WITH R CERTIFICATION TRAINING
➢ Data Scientists, Statisticians, Analysts,
Quants, and others who need to make
sense of data use R for statistical
analysis, data visualization, and
predictive modelling.
R is a Data Analysis Software
Why is R : Data Analysis Software
12. https://www.edureka.co/r-for-analyticsEDUREKA DATA ANALYTICS WITH R CERTIFICATION TRAINING
➢ You do data analysis in R by writing
scripts and functions in the R
programming language.
R is Programming LanguageR is a Programming Language
Why is R : Programming Language
13. https://www.edureka.co/r-for-analyticsEDUREKA DATA ANALYTICS WITH R CERTIFICATION TRAINING
R is a Environment for Statistical Analysis
➢ Available in the R language are functions for
virtually every data manipulation, statistical
model, or chart that the data analyst could
ever need.
Why R : Environment for Statistical Analysis
14. https://www.edureka.co/r-for-analyticsEDUREKA DATA ANALYTICS WITH R CERTIFICATION TRAINING
➢ Not only does this mean that you can
download and use R for free, but the
source code is also open for inspection
and modification to anyone who wants to
see how the methods and algorithms work
under the covers.
R is Open-source Software Project
Why R : Open-source
17. https://www.edureka.co/r-for-analyticsEDUREKA DATA ANALYTICS WITH R CERTIFICATION TRAINING
Who Uses R?
The Consumer Financial
Protection Bureau uses R for
data analysis
C O M P A N I E S U S I N G R
Statisticians at John Deere use R
for time series modeling and
geospatial analysis in a reliable
and reproducible way.
R is part of technology stack
behind Foursquare’s famed
recommendation engine
Bank of America uses R for
reporting
ANZ, the fourth largest bank
in Australia, using R for credit
risk analysis
Google uses R to predict
Economic Activity
Mozilla, the foundation
responsible for the Firefox
web browser, uses R to
visualize Web activity