What is Data Analysis?
Data analysis is a process of inspecting, cleansing, transforming, and modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making.
The purpose of Data Analysis is to segregate, arrange data to extract meaningful information of collected data, and based on this information decisions are taken.
Why Data Analysis if important?
Raw data is just facts and figures and is of no use if not understood in the right way, data is only useful if it makes sense and gives information that can be used to make the right decisions. Data analysis is important in business to understand problems facing an organization, and to explore data in meaningful ways.
Ideally, data analysis is done in three steps.
Evaluating Data
Cleaning Data
Summarizing Data
Types of Data Analysis
Prescriptive Analysis
Descriptive Analysis
Diagnostic Analysis
Predictive Analysis
According to World Economic Forum, Data Analysis will be high in demand skill of this decade because machines have not yet mastered the art of meaningful interpretation of data, Brainmeasures Data Analyst video course is a competitive and comprehensive course in data analysis and this video course has been developed by experts to help you understand data analysis from basics to advance.
Who is Data Analyst?
Data Analyst is the one who evaluates, cleans, and summarizes data to extract meaningful information which can be used to solve problems a business is facing or take decisions that drive an organization towards success.
Effective data analysts possess a combination of technical skills and leadership skills.
Technical skills include
Knowledge of database languages such as SQL, R, or Python
Spreadsheet tools such as Microsoft Excel or Google Sheets
Data visualization software such as Tableau or Qlik.
Mathematical and statistical skills are also valuable to help gather, measure, organize and analyze data.
Key Responsibilities of Data Analysts
Designing and maintaining data systems and databases
Mining data from primary and secondary sources
Using statistical tools to interpret data sets, paying particular attention to trends and patterns that could be valuable for diagnostic and predictive analytics efforts.
Demonstrating the significance of their work in the context of local, national, and global trends that impact both their organization and industry.
Preparing reports for executive leadership that effectively communicate trends, patterns, and predictions using relevant data.
The average annual salary of a data analyst can range from approximately $60,000 to $138,000. According to the sites’ job listings, roles at financial and technology firms tend to pay higher than average.
Enroll in the Brainmeasures Data Analysts course and sign up for a bright future.
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