The data mining process begins with the selection of a target data set. This is done by identifying the target data set that has the highest potential to provide insights. Once the target data set is selected, the data mining process begins. This involves the analysis of the data set to extract meaningful insights. The insights can be used to improve the business process, product or service.
Reporting
Reporting is an important process in any organization. It helps in sharing data with stakeholders in a concise and effective manner. It can also help in making data-driven decisions.
Descriptive Analytics
Descriptive analytics is the process of understanding and analyzing data in order to identify patterns and insights. By understanding what has happened in the past, you can make better decisions based on what you know now. By analyzing data, you can also see which factors are associated with a particular outcome and use this information to improve your business.
Statistical Analysis
Descriptive analytics helps you understand the cause of any trends in data. It uses descriptive language to analyze data, which can help you understand why it happened, and how it might be changing in the future.
Visualization Of The Data
Visualization of data can be extremely helpful in conveying the information contained in the data. By understanding the different types of visuals that are commonly used in data visualization, it is possible to create a more compelling, visual representation of the data. The most common types of visuals used in data analysis are charts, graphs, and histograms.
Data Preparation
There are several factors you need to take into account while data preparation. The first is the source of the data. You need to assess the credibility of the data source, review the sources for accuracy and trustworthiness, and understand the overall context of the data. After you have assessed the data source, you need to identify the needs of your business. This can be done by conducting research and interviewing your key stakeholders. Once you have identified the needs, you need to develop a plan to meet these needs. This can be done by compiling the data, analyzing it, and scripting the analysis. After you have scripted the analysis, you need to create a report that provides insights for your business.