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- 2. Data analysis is a process of inspecting, cleansing, transforming and modeling data with the goal of
- 3. Data mining is a particular data analysis technique that focuses on statistical modeling and knowledge discovery
- 4. Stage 1: Exploration. This stage usually starts with data preparation which may involve cleaning data, data
- 5. Stage 2: Model building and validation. This stage involves considering various models and choosing the best
- 6. Stage 3: Deployment. That final stage involves using the model selected as best in the previous
- 7. The process of data analysis
- 8. Data requirements The data are necessary as inputs to the analysis, which is specified based upon
- 9. Data collection Data are collected from a variety of sources. The requirements may be communicated by
- 10. Data processing Data initially obtained must be processed or organized for analysis. For instance, these may
- 11. Data cleaning Once processed and organised, the data may be incomplete, contain duplicates, or contain errors.
- 12. Exploratory data analysis Once the data are cleaned, it can be analyzed. Analysts may apply a
- 13. Modeling and algorithms Mathematical formulas or models called algorithms may be applied to the data to
- 14. Data product A data product is a computer application that takes data inputs and generates outputs,
- 15. Communication Once the data are analyzed, it may be reported in many formats to the users
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