Big Data · Data Analysis

Data Analysis Steps

Once you have enough data, you start to see patterns

Data Analysis: The process of systematically applying statistical and logical techniques to describe, illustrate, condense and evaluate data. “What is happening?”

Descriptive Analysis: High-level data analysis – summarise data into smaller, more useful information – “What has happened?”

Predictive analytics: Forecast techniques about what might happen in the future, “What could happen?”

Prescriptive analytics: Prescribe an action so the business decision-maker can take this information and act, “What could happen?”

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