The concept involving the use of algorithmic processing to generate insights from data is known as data analytics. This process encompasses a range of techniques and methodologies to analyze raw data, uncover patterns, and derive actionable information. Data analytics can be descriptive, predictive, or prescriptive, serving different purposes such as understanding trends, forecasting future outcomes, or recommending actions. By leveraging data analytics, organizations can make informed decisions that enhance operations, improve competitiveness, and drive innovation within their industries.