Data Analitics 2
Data Analitics 2
There are six data analysis phases that will help you make seamless
: decisions
Step 1: Ask
Define the problem, fully understand the stakeholder’s expectations, and see the
whole situation in context.
Step 2: Prepare
What metrics to measure , Locate data in your database , Create security measures to protect
that data
Step 3: Process
find incorrectly entered data, check for extra spaces, Removing repeated entries , Checking as
much as possible for bias in the data
Step 4: Analyze
Perform calculations , Combine data from multiple sources , Create tables with your
results
Step 5: Share
Make better decisions , Lead to stronger outcomes , Successfully communicate your findings
Step 6: Act
Organizing available information , Revealing gaps and opportunities , Identifying your
options
Making predictions :
Using data to make an informed decision about how things may be in the future
Categorizing things :
Assigning data to different groups based on common features
Quantitative data :
Specific and objective measures of numerical facts ( what ? how many ? how often ? )
Qualitative data :
Subjective or explanatory measures of qualities and characteristics ( why?)
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Pros : cons:
Dynamice , automatice and interactive labor_intensive design
More stackholder access can be confusing
Low maintainace potentially uncleaned data
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Small data Big data
Describes a data set made up of
Describes large, less-specific data sets that
specific metrics over a short, well-
cover a long time period
defined time period
Usually organized and analyzed in
Usually kept in a database and queried
spreadsheets
Likely to be used by small and
Likely to be used by large organizations
midsize businesses
Simple to collect, store, manage, Takes a lot of effort to collect, store,
sort, and visually represent manage, sort, and visually represent
Usually needs to be broken into smaller
Usually already a manageable size
pieces in order to be organized and
for analysis
analyzed effectively for decision-making
Mathematical thinking :
Looking at problem logically breaking it step by step , see the relationship
of patterns in data , figure out the best tools and choose the best logical
approach
Spreadsheet tasks:
Organize data (pivot table , sort and filter)
Calculate data (formulas , functions)
Staying objective :
Conclusions can be influenced by your own conscious and
subconscious biases (cultural , social and market norm)
If the analysis is not objective , the conclusions can be misleading.
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Stakeholders:
People that invested time , interest, and recourses into projects you
will be working on as a data analyst.
Turnover rate
.The rate at which employees leave a company
:Focus on what matters
?Who are the primary and secondary stakeholders
? Who is managing the data
? Where can you go for help
.A good example of an email : short and to the point , polite and well-writing
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when you successfully deliver data to you team , and they have all the _
information they need , you can ensure that they are able to make the best
. possible decisions
Come prepared
Be on time
Pay attention
Ask questions
: Do
Bring what you need
Read the meeting agenda
Prepare notes and presentations
Be ready to answer questions
:And don’t
Show you are unprepared
Arrive late
Be distracted