Unit 1 Big Data
Unit 1 Big Data
2. Analysis
Definition: Analysis goes beyond reporting by
interpreting data to uncover patterns, relationships, and
insights that aid in decision-making.
Purpose: It answers why something happened and helps
predict future trends.
Characteristics:
o Uses statistical techniques and predictive modeling.
o Identifies trends, correlations, and anomalies.
o Helps in making strategic decisions based on
insights.
Example:
Analyzing the sales report to determine why revenue
increased or decreased in certain months. The analysis may
reveal:
Sales spiked in December due to holiday promotions.
A drop in sales in February was due to stock shortages.
Customers in a particular region prefer specific product
categories.
Key Difference
Aspect Reporting Analysis
Presents what
Purpose Explains why it happened
happened
Focus Past and current data Future predictions & insights
Technique Data aggregation, Statistical modeling, machine
s visualization learning
Finding reasons for revenue
Example Sales revenue report
fluctuations