New data analysis course
Facts: In the next decade, the demand for business analytics skills will probably be higher than the
demand for any other career (10.9% vs. 5.2%) (Source: Bureau of Labor Statistics)
All kinds of companies all over the world need qualified data analysts to solve problems and help them
make the best possible business decisions
The universe of data analytics and business has expanded beyond the scope of the Nigerian tertiary
education curriculum
data science is defined as creating a new ways of modeling and understanding the unknown by using raw
data.while analyst find answers to existing questions by creating insights from existing data sources.
Data analysis is the collection, transformation and organisation of data in order to draw conclusions, make
predictions and drive informed business decisions-making. Data analytics in the simplest terms is the
science of data.
Ask: Business Challenge/Objective/Question
Prepare: Data generation, collection, storage, and data management
Process: Data cleaning/data integrity
Analyze: Data exploration, visualization, and analysis
Share: Communicating and interpreting results
Act: Putting your insights to work to solve the problem
EMC's data analysis life cycle
EMC Corporation's data analytics life cycle is cyclical with six steps:
Discovery
Pre-processing data
Model planning
Model building
Communicate results
Operationalize
Data Science & Big Data Analytics
SAS's iterative life cycle
An iterative life cycle was created by a company called SAS, a leading data analytics solutions provider. It
can be used to produce repeatable, reliable, and predictive results:
Ask
Prepare
Explore
Model
Implement
Act
Evaluate
The SAS model emphasizes the cyclical nature of their model by visualizing it as an infinity symbol. Their
life cycle has seven steps, many of which we have seen in the other models, like Ask, Prepare, Model,
and Act. But this life cycle is also a little different; it includes a step after the act phase designed to help
analysts evaluate their solutions and potentially return to the ask phase again
Project-based data analytics life cycle
A project-based data analytics life cycle has five simple steps:
Identifying the problem
Designing data requirements
Pre-processing data
Performing data analysis
Visualizing data
This data analytics project life cycle was developed by Vignesh Prajapati. It doesn’t include the sixth
phase, or what we have been referring to as the Act phase. However, it still covers a lot of the same steps
as the life cycles we have already described. It begins with identifying the problem, preparing and
processing data before analysis, and ends with data visualization.
For more information, refer to
Understanding the data analytics project life cycle
Big data analytics life cycle
Authors Thomas Erl, Wajid Khattak, and Paul Buhler proposed a big data analytics life cycle in their book,
Big Data Fundamentals: Concepts, Drivers & Techniques. Their life cycle suggests phases divided into
nine steps:
Business case evaluation
Data identification
Data acquisition and filtering
Data extraction
Data validation and cleaning
Data aggregation and representation
Data analysis
Data visualization
Utilization of analysis results
This life cycle appears to have three or four more steps than the previous life cycle models. But in reality,
they have just broken down what we have been referring to as Prepare and Process into smaller steps. It
emphasizes the individual tasks required for gathering, preparing, and cleaning data before the analysis
phase.
Analytical skills are curiosity, understanding context, technical mindset, data design and data stratefy
Types of thinking
critical thinking, analytical thinking, abstract thinking and creative thinking
5 aspect of analytical thinking
visualization, stratefy, problem orientation, correlation, big picture and detail oriented thinking
Why business need to control data
To improve process
Identify opportunity and trends
Launch new products
serve customers
and make thoughtful decisions
sdgj7346
https://www.coursera.org/learn/foundations-data/supplement/qjFsG/learning-log-reflect-on-your-skills-and-
expectations
