The Data Analytics Process
The process of data analytics involves a series of systematic steps to transform raw data into actionable insights. While variations exist depending on the specific goals and methodologies, the following is a typical data analytics process:
Data Collection: The process begins with the collection of data from various sources, which can include databases, spreadsheets, sensors, surveys, and more. Data can be structured (e.g., databases) or unstructured (e.g., text documents, images).
Data Cleaning: Raw data often contains errors, inconsistencies, and missing values. Data cleaning or data preprocessing involves techniques to address these issues, ensuring the quality and reliability of the data.
Data Exploration: In this phase, analysts explore the data using summary statistics, visualizations, and other techniques to understand its basic characteristics, such as distribution and variation.
Data Transformation: Data transformation includes processes like normalization and standardization to prepare the data for analysis. This phase may also involve feature engineering to create new variables that enhance analysis.
Data Analysis: The heart of data analytics, this phase employs a variety of statistical, mathematical, and computational methods to uncover patterns and relationships within the data. It may involve techniques such as regression analysis, clustering, and classification.
Model Building: For predictive and prescriptive analytics, building and training models is essential. These models use historical data to make forecasts and recommendations.
Data Visualization: Data analysts use charts, graphs, and visualizations to present their findings. Effective visualization makes complex data more accessible and understandable to non-technical stakeholders.
Interpretation and Reporting: The results of data analysis are interpreted and reported to stakeholders. Conclusions, insights, and recommendations are communicated in a clear and actionable manner.
Read More… Data Analytics course in pune
Data Collection: The process begins with the collection of data from various sources, which can include databases, spreadsheets, sensors, surveys, and more. Data can be structured (e.g., databases) or unstructured (e.g., text documents, images).
Data Cleaning: Raw data often contains errors, inconsistencies, and missing values. Data cleaning or data preprocessing involves techniques to address these issues, ensuring the quality and reliability of the data.
Data Exploration: In this phase, analysts explore the data using summary statistics, visualizations, and other techniques to understand its basic characteristics, such as distribution and variation.
Data Transformation: Data transformation includes processes like normalization and standardization to prepare the data for analysis. This phase may also involve feature engineering to create new variables that enhance analysis.
Data Analysis: The heart of data analytics, this phase employs a variety of statistical, mathematical, and computational methods to uncover patterns and relationships within the data. It may involve techniques such as regression analysis, clustering, and classification.
Model Building: For predictive and prescriptive analytics, building and training models is essential. These models use historical data to make forecasts and recommendations.
Data Visualization: Data analysts use charts, graphs, and visualizations to present their findings. Effective visualization makes complex data more accessible and understandable to non-technical stakeholders.
Interpretation and Reporting: The results of data analysis are interpreted and reported to stakeholders. Conclusions, insights, and recommendations are communicated in a clear and actionable manner.
Read More… Data Analytics course in pune