Module 1
Module 1
1
[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.
Course Module
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.
Note:
There should only be one file for module per week.
Avoid plagiarism by paraphrasing information and texts coming from the Internet and
other sources.