Data Analytics Lecture 1
Data Analytics Lecture 1
Lecture 1
What is Data and Data Analysis?
What is Data and
Data Analysis?
Administrative
Curated
/ Transactional
Administrative /
Transactional
• This data is collected for record-
keeping and is generally essential
to the organization’s functioning.
• Example
Computer Systems
Social Media
Mobile Apps
POS
IoT
Curated
• This data has been, consciously
gathered to serve some purpose.
• It is typically information that is not
readily available through our day-to-day
interactions.
• Example
Surveys
Interviews
Focus Group Discussion
Observations
Experiments
So what is data
analysis, then?
Data Analysis
Is the process of evaluating, organizing, and interpreting data in order to extract useful
information and insights.
It involves a variety of techniques and methods for cleaning, transforming, and modeling
data as well as visualizing and communicating the results.
The goal of data analysis is to identify patterns and relationships within the data that can be
used to make informed decisions and improve organizational performance.
What can we do
with it?
Applications
Targeting customers
Reducing operational costs Improving problem solving
effectively.
• https://towardsdatascience.com /understanding-the-types-of-data-in-a-bus
iness-organization-67d7cb9914bd
References: