by Dr. Jane Fitzgerald | Dec 14, 2020 | Business, Data Science
What is Data Analytics?
Data analytics is an inclusive term in the world of data science. It is the analysis of data collected from one or different sources. Trends, patterns, and correlations emerge from the analytics, which remains valuable for business practices.
Firstly, data analytics allows data scientists to gain insights through careful examination of datasets. Management teams use these insights to make informed and strategic business decisions towards future activities. Without data analytics, all data, no matter the size and derived source, is useless.
Secondly, when companies apply data analytics to any big data collected, they can efficiently improve customer service and increase sales turnover. Companies use this strategy to boost competitive performance.
Two Components of Data Analytics
Image Credit: Medium
Processing data analytics needs two critical elements for any data initiative to succeed. These are:
Descriptive analytics
Descriptive analytics is the starting phase. It helps in describing historical and relevant trends found in the data. This analytics aims to answer the question of “what happened?”
It’s both a component and a type of analytics too.
As a component, descriptive analytics measures conventional indicators like Return on Investment (ROI). Such an indicator employed differs from industry to industry. Although descriptive analytics doesn’t make predictions or informed actionable decisions, it summarizes datasets in an expressive and meaningful way.
Advanced analytics
Here, the process uses advanced and innovative tools to extract relevant data, make appropriate predictions, and uncover trends.
Tools used in advanced analytics include, but are not limited to, machine learning and classical statistics. Machine learning tools like natural language conversion/processing, sentiment analysis, and neural networks, and more, generate new insight and info from data.
Advanced analytics focuses on the question of “What if?”
With the increasing popularity and use of large data sets, machine learning skills, and affordable computing power have made it easier to use these two data analytics techniques in different industries.
Four types of Data Analytics
Descriptive analytics
Image Credit: Medium
What the analytics seeks is the answer to the question, “what happened?” Under this technique, summarizing large datasets explains findings to all stakeholders. Descriptive analytics strategies help businesses to track successful performance or failures using KPI (key performance indicators) and metrics like ROI to gauge past performance.
Diagnostic analytics
Diagnostic analytics is the technique that seeks to answer why certain things happened. The process takes information from the descriptive-analytical level and further studies to unravel the root of the problem. Any performance indicator calls for more investigation to know why they got worse or better.
Predictive analytics
The predictive analytics technique focuses on events that would happen in the future. Using historical data, machine learning, and statistical methods, the study of patterns and trends tracks the possibility of reoccurrence. The outcome will be very valuable.
Prescriptive analytics
The presence of this technique offers solutions to the problem. By employing insights gotten from descriptive analytics, we gain inspired decisions. Also, it relies on machine-learning tactics capable of finding patterns in massive data sets.
Conclusion
Data analytics is a critical aspect of data science that data scientists should understand. Its application in everyday activities is almost endless. New business opportunities arise as a result of the continuous generation of data.
by Linda Rawson | Oct 7, 2020 | Industrial IoT
DynaGrace Enterprises, a Data Science, Emerging Technology, and IIoT Automation WOSB Firm, has partnered with Industrial Automation powerhouse TOSIBOX® to add their line of products to the GSA Multiple Award Schedules (MAS). The IIoT products give federal government buyers easy access to advanced technology solutions.
“Our GSA MAS federal government contracting vehicle enables us to reach more facility managers as well as those agencies focused on remote maintenance, access control, and data collection with trusted and secure devices. By getting involved in development projects, keeping the government infrastructure safe, and developing automation solutions, we enhance the government’s infrastructure keeping our nation strong.” Says Linda Rawson, President, and Founder of DynaGrace Enterprises.
Patented TOSIBOX® OT Networking Platform
TOSIBOX®, with its patented OT Networking platforms, is an ideal solution for anyone looking to connect devices for remote maintenance, access control, data collection, or any Industry 4.0 (IoT) initiative. TOSIBOX® uses the latest IT technologies, including 256-bit AES encryption, RSA Matching, physical-first Multi-Factor Authentication, and secure boot, all wrapped in a fully automated platform.
TOSIBOX® Lock 500
When organizations are looking to find operational efficiencies by digitizing processes and systems, previous networking choices have proven to be complicated and expensive. In addition, lacked a built-in security profile that ensures a consistent and safe digitization strategy.
With TOSIBOX®, the inventors of Operational Networking (OT Networks), organizations can connect devices, buildings, infrastructure, SCADA, CCTV, and anything else in the organizational digitization strategy. The cost-effective integration utilizes TOSIBOX® automation and creates private OT Infrastructure leveraging the internet and remaining separate from traditional public internet tools like Static IPs, and DNS server farms. TOSIBOX® is especially helpful with secure organizations using highly encrypted VPN connections.
With TOSIBOX®’s built-in cybersecurity and frictionless IT/OT connection method, organizations can connect operations across town or the globe, without having to invest in new IT infrastructure. Now you can connect what you want to connect without having a team of IT Experts to engage devices for decision support, remote maintenance, or any other Industry 4.0 initiative. In a world with tightening resources, IT professionals can stay focused on the mission and leave the day-to-day OT networking to TOSIBOX®.
Partnering Makes Sense
“By partnering with the team at DynaGrace Enterprises, we will go beyond the commercial space and bring a cost-effective and secure OT platform to US Government agencies. Growing a global brand requires two things in my mind: Great tech and Great Partnerships.” says William Behn, President of TOSIBOX®, Inc., ”DynaGrace Enterprises has a proven track record bringing technology and services to government agencies, and we are proud to be in partnership with this women-owned business to accelerate the choices government agencies have.”
DynaGrace Enterprises and TOSIBOX® are laser-focused on the modernization of older facilities, driving organizational efficiencies through secure digitization, raising technical and cybersecurity standards, and drive massive energy and operational efficiencies to facility managers across the DoD.
Customers can learn more about DynaGrace Enterprises by visiting DynaGrace.com or calling the company directly at 888-676-0058. DynaGrace Enterprises is a Data Science, Emerging Technology, and IIoT Automation Firm located in Utah.
by Dr. Jane Fitzgerald | Oct 5, 2020 | Industrial IoT
DynaGrace Enterprises, a Data Science, Emerging Technology, and IIoT Automation WOSB Firm, has added another quality line of products to the GSA Multiple Award Schedules (MAS).
Our GSA MAS federal government contracting vehicle enables us to reach more facility managers focused on clean energy initiatives. By modernizing facilities to updated codes, standards, and green building modern technologies, help them achieve their energy goals. Modernizing facilities keep workers safe and healthy. By adding building automation products from The S4 Group increases our ability to provide products that keep workers safe and save energy. ~Linda Rawson, President and Founder of DynaGrace Enterprises
Ideal Solution
The S4 Group’s suite of S4 Open Appliances is an ideal solution for building operators looking for technology to support retrofits and upgrades of buildings with legacy, proprietary building automation systems. The S4 technology facilitates a coordinated, phased approach, avoiding the cost and disruption of a brute force rip-and-replace approach.
The S4 Open: BACnet-N2 Router from the S4 Group
The S4 Open Appliances integrate installed legacy BAS systems and introduce the best of current breed generation standards-based operator workstations. The appliances provide, global control, and value-added applications such as analytics, energy management, or continuous commissioning. The S4 Open Appliances are the only products that provide co-existence with legacy head-end technology. The products become the first step in a long-term plan to replace legacy field devices with current generation open systems. Especially when budget and occupancy requirements can be best accommodated.
Upgrading Legacy Building Automation Systems
Providing technology to quickly and cost-effectively upgrade and transition legacy Building Automation Systems to current BACnet-based technology is an exciting prospect. Especially for helping DoD and other Government entities. The availability of the same capabilities previously offered to commercial building owners will help DoD make their buildings more energy-efficient, and improve indoor environments, resulting in more productive occupants. ~Steve Jones, The S4 Group
DynaGrace Enterprises and The S4 Group have teamed up to enable the transition of older facilities to BACnet-enabled smart buildings. Energy efficiency, indoor air quality, occupant safety, and comfort are all improved. Facility managers across the government sector will benefit from better visibility to the status of their buildings. The managers will also enjoy better options to control operations.
Customers can learn more about DynaGrace Enterprises by visiting the company’s website at DynaGrace.com or by calling the company directly at 888-676-0058. DynaGrace Enterprises is a Data Science, Emerging Technology and IIoT Automation Firm located in Utah.
