From the course: Data Management Essential Training

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Introduction to data analysis

Introduction to data analysis

From the course: Data Management Essential Training

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Introduction to data analysis

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- Welcome to the next stage of our data management lifecycle. We've made it to data analysis. This is where we extract useful information from the data we've collected, processed, and stored in the previous stages. Remembering our end goal is to provide data that can drive business decisions, we have to find the insights within the data we have available to us. In this chapter, we'll walk through several techniques that can be used to help find these insights, including exploratory data analysis or EDA, where we start to identify patterns and understand the data structures. We'll also talk about predictive analysis and modeling where we analyze the current data we have and use it to forecast or make predictions of what might happen next. These data sets could be large, which makes some of this analysis time consuming and difficult. We'll talk about how machine learning can assist us here to apply complex algorithms to find insights previously hidden to just the human eye. We've also…

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