Applications of analytic functions
Answers
*Analytic functions are commonly used to compute cumulative ,moving,centered,and reporting aggregates
*to calculate employees under each manager
Analytics processes distinguish relationships in transaction behaviour. The goal is to make this intelligence useful by comparing trends and deviations from expectations.
The traditional function of analytics is to convert each piece of data into unique dimensional values so they can then be compared typically at a consolidated level.
Once there so questions can be asked if then needs the ability to drill back down to its constituents. Smarter functions iterate that process very fast to find the devil in the detail in a very smart recursive way.
It's a bit like asking is a result good or bad at the macro level and then asking for the detail to see if where and how it is relevant and who is responsible.
Of course, good in the summary may mask hidden bombs so drill down graphics on so-called dashboards can tell us at a high level to look further.
Alerts may also be preset or defined to list out of scope results at any level. This function lets analyst and operation users and automated response systems get straight to issues to take action. For example, a stock market trader would set alerts for stop loss action, which may then be automated or manually managed.
in general analysts and systems use analytics functions for things like keeping an eye on everything while they work on what's important.
Keeping things on track, triggering corrective decisions, making improvements and looking for innovations and so on ask for a post of that mosaic of the functional use.
With that sort of corner of the eye monitoring capability to watch for peripheral danger and storms you also concentrate on keeping the ship on course
In fact, it is a never-ending loop to test the impact of adding something new or missing as a phase of planning and monitoring your journey as an ongoing endless function.
In business, analytics is at the core of planning and performance management, In medicine for a diagnosis and research, it is equally vital.
Hence analytics as a human function is applied to applications to help us understand what is going on. Its application is invariably to automate control of things like variable behaviour.
Traffic control systems are one such use of analytics to respond to changing traffic flows. At the individual level, we get where we are going more efficiently and cross at a crossing or intersection safety.
In essence analytics applications function are primal and basic and as such must keep pace and in sync with our natural evolution.
Without analytics, the world would still be in the stone age.
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