What is the key objective of data analysis???
Answers
Answer:
The process of data analysis uses analytical and logical reasoning to gain information from the data. The main purpose of data analysis is to find meaning in data so that the derived knowledge can be used to make informed decisions.
Answer:
Data analysis is the process of inspecting, transforming, and modelling data with goal of discovering useful information, and supporting decision-making. Data analysis has come up with multiple facets and approaches, encompassing diverse techniques under variety of names, and is used in the different business, and social science domains. In today's business world, data analysis plays the role in making decisions more scientific and helping businesses operates more effectively.
Data mining is the particular data analysis technique that focuses on statistical modelling and the knowledge discovery for predictive rather than purely descriptive purpose, while business intelligence covers data analysis that also relies heavily on aggregation, focusing mainly on the business information. In statistical applications, data analysis can also be divided into descriptive statistics, exploratory data analysis (EDA), and the confirmatory data analysis (CDA).
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