Scribd
Upload
21 views2 pages

Data Analysis Overview

Uploaded by

tasya lopa
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
21 views2 pages

Data Analysis Overview

Uploaded by

tasya lopa
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

Data Analysis Overview:

Data analysis is the process of collecting, processing, cleansing, and modeling data. Its
primary purpose is to extract valuable information from raw data.
Crucial for Decision-Making:
Data analysis plays a pivotal role in making informed decisions in various domains,
including business. By uncovering patterns, trends, and insights in data, organizations
can choose the best course of action.
Diverse Techniques:
Data analysts use a variety of techniques depending on the nature of the data and the
specific insights they seek. These techniques can range from basic statistical methods to
advanced machine learning algorithms.
Data Analysis Process:
The data analysis process typically involves several key steps:
Inspection: Examining the data to understand its structure, quality, and potential issues.
Cleaning: Removing or correcting errors, missing values, and inconsistencies in the data.
Transformation: Structuring and formatting the data for analysis, which may include
feature engineering.
Modeling: Applying analytical and statistical tools to build models that reveal patterns
and insights.
Data Collection Methods:
Data is collected by businesses through various means, such as:
Surveys: Gathering information through questionnaires or feedback forms.
Online Tracking: Monitoring user behaviour on websites or applications.
Online Marketing Analytics: Analyzing data related to online advertising campaigns.
Social Media Monitoring: Tracking and analysing social media interactions and mentions.
Data Preparation:
Data analysis often requires data preparation steps like data cleaning, transformation,
and organization. Specialized software and tools are frequently used for these tasks to
ensure that the data is suitable for analysis.
Data Analytics Terminology:
Data analysis is also referred to as data analytics. It involves the systematic examination
of raw data to derive meaningful conclusions. This scientific approach helps in making
data-driven decisions.
In summary, data analysis is a vital process that enables organizations to make informed
decisions based on data. It encompasses various techniques and stages, including data
collection, cleaning, transformation, modeling, and is essential for the success of
businesses and other endeavours.
Data analytics techniques in points:
Data analysis involves the collection, processing, cleansing, and modeling of data to
extract valuable information for decision-making.
Data analysis is essential for driving successful business strategies as it transforms raw
data into actionable insights.
Data analysts utilize various methods and techniques depending on the data type and
the desired insights.
The data analysis process includes activities like inspection, cleaning, transformation,
and modeling of data using analytical and statistical tools.
Businesses collect data through surveys, online tracking, online marketing analytics, and
social media monitoring.
Data analysis encompasses multiple steps, often involving data analysis software, to
prepare data for business purposes.
Data analysis is also referred to as data analytics and is considered the science of
drawing informed conclusions from raw data.

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy