Data Analisis. The purpose of data analysis is to extract useful information from data and taking the decision based upon the data analysis. Data analysis is defined as a process of cleaning transforming and modeling data to discover useful information for business decision making.
The process of data analysis uses analytical and logical reasoning to gain information from the data. Data analytics is the science of analyzing raw data in order to make conclusions about that information. Data analysis is defined as a process of cleaning transforming and modeling data to discover useful information for business decision making.
It involves multiple stages including establishing a data set preparing the data for processing applying models identifying key findings and creating reports.
The process of data analysis uses analytical and logical reasoning to gain information from the data. Data analysis is a process that relies on methods and techniques to taking raw data mining for insights that are relevant to the business s primary goals and drilling down into this information to transform metrics facts and figures into initiatives for improvement. A simple example of data analysis is whenever we take any decision in our day to day life is by thinking about what happened last time or what will happen by choosing that particular decision. Microsoft excel is also popular in the world of data analytics.
