Definition
Data Analysis is the process of examining, transforming and interpreting data to identify patterns, relationships, anomalies and information that supports decision-making.
Human Explanation
Data Analysis helps turn raw Data into useful Information and knowledge.
Why it Matters
Data creates little value until it is interpreted appropriately and used to address a specific Problem or support a Decision.
Conceptual Boundary
Data Analysis is not limited to statistical calculations or charts. It also requires understanding the business context, Data Quality and the meaning of the results.
Practical Perspective
The process may include Data Preparation, exploration, Modelling, Data Visualisation and communication of results to relevant Stakeholders.