Data Analysis
Data analysis is the process of inspecting, cleansing, transforming, and modeling data to discover useful information, inform conclusions, and support decision-making.
Characteristics
- **Systematic Approach**: Involves a structured method to analyze data.
- **Data Cleaning**: Ensures data quality by removing inaccuracies and inconsistencies.
- **Statistical Techniques**: Utilizes various statistical methods to interpret data.
- **Visualization**: Often includes graphical representations to make data easier to understand.
- **Iterative Process**: May require multiple rounds of analysis to refine insights.
Examples
- **Market Research**: Analyzing consumer data to identify trends and preferences.
- **Healthcare**: Examining patient data to improve treatment outcomes.
- **Finance**: Assessing financial reports to make investment decisions.
- **Social Media**: Analyzing engagement metrics to enhance marketing strategies.
- **Education**: Evaluating student performance data to improve teaching methods.