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7 views5 pages

Learning

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Abiodun
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We take content rights seriously. If you suspect this is your content, claim it here.
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New data analysis course

Facts: In the next decade, the demand for business analytics skills will probably be higher than the
demand for any other career (10.9% vs. 5.2%) (Source: Bureau of Labor Statistics)

All kinds of companies all over the world need qualified data analysts to solve problems and help them
make the best possible business decisions

The universe of data analytics and business has expanded beyond the scope of the Nigerian tertiary
education curriculum

data science is defined as creating a new ways of modeling and understanding the unknown by using raw
data.while analyst find answers to existing questions by creating insights from existing data sources.

Data analysis is the collection, transformation and organisation of data in order to draw conclusions, make
predictions and drive informed business decisions-making. Data analytics in the simplest terms is the
science of data.

Ask: Business Challenge/Objective/Question

Prepare: Data generation, collection, storage, and data management

Process: Data cleaning/data integrity

Analyze: Data exploration, visualization, and analysis

Share: Communicating and interpreting results

Act: Putting your insights to work to solve the problem

EMC's data analysis life cycle

EMC Corporation's data analytics life cycle is cyclical with six steps:

Discovery

Pre-processing data

Model planning

Model building

Communicate results

Operationalize
Data Science & Big Data Analytics

SAS's iterative life cycle

An iterative life cycle was created by a company called SAS, a leading data analytics solutions provider. It
can be used to produce repeatable, reliable, and predictive results:

Ask

Prepare

Explore

Model

Implement

Act

Evaluate

The SAS model emphasizes the cyclical nature of their model by visualizing it as an infinity symbol. Their
life cycle has seven steps, many of which we have seen in the other models, like Ask, Prepare, Model,
and Act. But this life cycle is also a little different; it includes a step after the act phase designed to help
analysts evaluate their solutions and potentially return to the ask phase again

Project-based data analytics life cycle

A project-based data analytics life cycle has five simple steps:


Identifying the problem

Designing data requirements

Pre-processing data

Performing data analysis

Visualizing data

This data analytics project life cycle was developed by Vignesh Prajapati. It doesn’t include the sixth
phase, or what we have been referring to as the Act phase. However, it still covers a lot of the same steps
as the life cycles we have already described. It begins with identifying the problem, preparing and
processing data before analysis, and ends with data visualization.

For more information, refer to

Understanding the data analytics project life cycle

Big data analytics life cycle

Authors Thomas Erl, Wajid Khattak, and Paul Buhler proposed a big data analytics life cycle in their book,
Big Data Fundamentals: Concepts, Drivers & Techniques. Their life cycle suggests phases divided into
nine steps:

Business case evaluation

Data identification

Data acquisition and filtering


Data extraction

Data validation and cleaning

Data aggregation and representation

Data analysis

Data visualization

Utilization of analysis results

This life cycle appears to have three or four more steps than the previous life cycle models. But in reality,
they have just broken down what we have been referring to as Prepare and Process into smaller steps. It
emphasizes the individual tasks required for gathering, preparing, and cleaning data before the analysis
phase.

Analytical skills are curiosity, understanding context, technical mindset, data design and data stratefy

Types of thinking

critical thinking, analytical thinking, abstract thinking and creative thinking

5 aspect of analytical thinking

visualization, stratefy, problem orientation, correlation, big picture and detail oriented thinking

Why business need to control data

To improve process

Identify opportunity and trends

Launch new products

serve customers
and make thoughtful decisions

sdgj7346

https://www.coursera.org/learn/foundations-data/supplement/qjFsG/learning-log-reflect-on-your-skills-and-
expectations

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