W1-Module 001 Introduction
W1-Module 001 Introduction
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[Introduction]
Module 1 Introduction
Data analysis
Data Analysis- is the process of inspecting,cleansing,transforming and modelling data with the
goal of discovering useful information ,informing conclusions and supporting decision-making. It
is the process of evaluating data using analytical and statistical tools to discover useful information
and aid in business decision making.
Methods used:
1. Data Mining
2.Text analytics
3.Business Intelligence
4. Data Visualization
Data mining-is a method of data analysis for discovering patterns in large data sets using methods of statistics, artificial
intelligence,machine learning and data bases. The goal is to transform raw data into understandable business
information.These might include identifying groups of data records(known as cluster analysis) or identifying anomalies
and dependencies between data groups.
Text Analytics-is the process of deriving useful information from text It is accomplished by processing unstructured
textual information,extract meaningful numerical indices from the information and make the information available to
statistical and machine learning algorithms for further processing.
Business Intelligence-transforms data into actionable intelligence for business purposes and maybe used in an
organization's strategic and tactical business decision making. It offers a way for people to examine trends from collected
data and derive insights from it.
Data Visualization- refers very simply to the visual representation of data. In the context of data, analysis,it means using
the tools of statistics, probability,pivot tables and other artifacts to present data visually. It makes complex data more
understandable and usable.
Course Module
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Note:
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Avoid plagiarism by paraphrasing information and texts coming from the Internet and
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