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BA Concept Note 2

R is an open source statistical software package that was first released in 1996. It was created to be more accessible than other statistical software like SAS, which had expensive licensing fees and were not user-friendly. R has become widely used for data analysis, predictive analytics, and data science. It can handle complex and large datasets and is used for tasks in many fields including finance, bio science, and marketing. R offers capabilities for data manipulation, statistical techniques, and visualization through its integrated environment and libraries.

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Preethi Patunkar
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61 views2 pages

BA Concept Note 2

R is an open source statistical software package that was first released in 1996. It was created to be more accessible than other statistical software like SAS, which had expensive licensing fees and were not user-friendly. R has become widely used for data analysis, predictive analytics, and data science. It can handle complex and large datasets and is used for tasks in many fields including finance, bio science, and marketing. R offers capabilities for data manipulation, statistical techniques, and visualization through its integrated environment and libraries.

Uploaded by

Preethi Patunkar
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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BA Concept Note – 2 : The Power of R – And Why It’s an Essential Skill

Since the domain of big data and analytics itself is an ‘invention’ of this millennium, it seems
difficult to believe that its most widely-used statistical package was launched more than two
decades back! But, that’s true. R 1st appeared in 1996, once the statistics professors Ross
Ihaka and parliamentarian Gentleman of the University of Auckland in New Zealand
discharged the code as a free software package. The professors wanted technology better
suited and easily accessible, for their statistics students, who needed to analyze data and
produce graphical models of the information. Most comparable software e.g. SAS had been
designed by computer scientists, had expensive licensing fees and were not user-friendly.

R is an open source software and it is the language of statisticians and Data analysts. Its syntax
and structure have been explicitly designed to formulate expressions about statistical objects.
Particularly useful for Data analysis as it contains a number of built-in easy to use commands
for organizing data and creating both numerical and graphical summaries of data. It is also a
platform for predictive analytics and data science and runs on Windows, UNIX and Mac OS.
Not just that even in the field of big data analytics, R is used for handling complex and large
data and can be used on high performance clusters.
 As a language R supports effective object-oriented programming, including all usual
features such as conditionals, loops, user-defined recursive function. Unlike Python, it
is not a general-purpose language but heavily geared towards statistical work.
 As a work environment R offers “an integrated suite of software facilities for data
manipulation” or “an environment within which statistical techniques are
implemented”.

R Programming is the best approach to create reproducible, excessive-quality analysis. It has


all of the flexibility and power one is looking for when dealing with data. Many of the
applications written in R are sincerely just collections of scripts which are equipped into tasks.
It's utilized in almost every field that you could think of. Nonetheless the widespread ones
comprise - Finance, Bio Science, Supply chain, Sports, Retail, Marketing, and Manufacturing.
Many quantitative analysts in finance use R as their major programming instrument. While
you get the dangle of it, it is just right for everything from data import and cleaning,
exploration and visualization, doing statistics and analyses, all of the approach up to trading
simulations and production buying and selling functions, relying on what kind of process you
are working on.
Google is utilizing R Programming and it is a satisfactory language for doing any form of
statistics or data manipulation/visualization, however, its power lies in the constructed-in
capabilities and libraries instead than its strengths as a language itself.

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