What is data analysis Flashcards
What is data analysis?
It is examining and analysing raw data.
Why do we examine and process this data?
To 1) Derive meaningful information and 2) Draw actionable insights.
True or False
Does data analysis play a significant role in decision-making within any sector?
True
How does data analysis help us prepare for the future?
It looks at past trends and identifies the patterns and information from existing data.
What do we call large and complex data? And can it be stored as anything?
Big Data. It can be stored as anything for example, photos and videos on social media.
What is the role of a data analyst?
To collect, clean, and interpret data sets in order to answer a question or solve a problem.
What are the steps to converting raw data into insights?
- Define the problem
- Collect the data
- Clean the data
- Analyse the data
- Create Visualisations
- Share your findings