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A Comprehensive Study of Data Analytics & its Application in the Banking Sector

Data analysis is a process where the data is inspected, cleaned, transformed & modelled with the goal of optimizing and creating a bunch of useful information to gain and develop insights which are relevant to the organization. Data analysis has the potential to gain conclusions which can help to overtake the margin of leadership in the respective field which gives important decisions, the data analysis can be implemented in a variety of real-life applications such as the banking sector. The banks operate with so many users and staff but only a real analyst can unlock the prospects required to gain the necessary profits. We look at how data analysis can help the banking sector to achieve better overall results. This paper provides an insight about how data analytics is successfully deployed in the banking & finance sector.