👉Learn Module: Explore Concepts of Data Analytics
👉Main objective of data analytics is to make efficient and successful decisions driving the business to success.
Describe data ingestion and processing
👉Two important stages in data analytics
- Data ingestion
- Capturing data from various data sources and immediately processing or storing in a database.
- Data processing
- Taking raw data and cleaning and converting into a meaningful format.
- The aim of data processing is to convert the raw data into one or more business models.
- There are two forms of Data processing
- ETL (Extract, Transform, and Load)
- Data is directly extracted from source and processed and stored.
- Suitable for systems that only require simple models, with little dependency between items.
- Improve data privacy and compliance.
- ELT (Extract, Load, Transform)
- Data is stored before processing.
- Suitable for systems with complex data models.
- Suitable for large volume of data.
- ETL (Extract, Transform, and Load)
Explore data visualization
👉The output of data processing is a business model .
👉There are different techniques to analyze and understand the information in a business model.
- Reporting
- Process of organizing data into informational summaries to monitor how different areas of an organization are performing.
- Reporting = what has happened.
- Analysis = why something happened and what can be done about it.
- Business intelligence
- Technologies, applications, and practices for the collection, integration, analysis, and presentation of business information.
- The purpose is to support better decision making.
- Data visualization
- Graphical representation of information and data.
- Power BI connect to multiple different sources of data, and combine them into a data model.
- There are different forms visualizations including Bar and column charts, Line charts, Matrix, Key influencers, Treemap, Scatter and Filled map
Explore data analytics
👉Data analytics = Data analytics is concerned with examining, transforming, and arranging data in order to study and extract useful information.
👉There are different activities in data analytics.
- Descriptive analytics = What has happened based on historical data.
- Diagnostic analytics = Why things have happened.
- Predictive analytics = What will happen in the future.
- Prescriptive analytics = What actions should be taken to archive a goal or target.
- Cognitive analytics = How to draw inferences from existing data and patterns.
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