Thread by @ShreyRathod4

Each phase of data analysis process

(1) understanding the business

- while analyzing data we should have clear understanding of industry , what kind of decision the company is going to make
Best way is to make question and answering them

(2) Acquire the raw data

- after all the questions are answered data is collected from different sources a raw data is formed and its not exactly the correct one its just raw

(3) Extract the data

- This step is used to create final data set

(4) Transform the data

- It is the step for the conversion of dataset to another state structure this transformation process refers to detecting and understanding the data in its source format.

(5) Data visualization

-we need to visualize data to develop insights and evaluate the data

(6) Statical Analysis

-It is used to identify the pattern or trends for predictive analysis which helps to make business decisions

(7) Data model development

- The most imp step the goals and its translation into a computational model

(8)Recommendations/story

-This is final step where analysis is summarized and the result is represented in form of story ,ppt etc

The final report includes
-industries peripheral outcomes
-stratergy and decision
-business priority identification
-target audience identification
-business case based on outcomes

#data #DataAnalytics @PioneersData @mishbatt @dataanalyticsi1