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Elements

DADM Unit1 Level 0

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tasya lopa
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4 views

Elements

DADM Unit1 Level 0

Uploaded by

tasya lopa
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Elements :

Data can have various structures, formats, and types.


Two main categories are structured and unstructured data.
Structured data conforms to predefined models like traditional databases.
Unstructured data doesn't fit into rows and columns; it includes videos,
photos, audio, text, etc.
Structured data is easier to manage and analyze compared to unstructured
data.

Real-Time Data:
Data acquired and presented immediately.
Valuable for decisions requiring up-to-the-minute information.
Example: Stock market ticker for tracking active stocks.
Metadata:
Helps organize unstructured data into categories.
Data that describes and provides information about other data.
Example: Image metadata includes author, image type, and creation date.
Machine Data:
Data generated by machines without human instruction.
Also known as machine-generated data.
Produced by networked devices like computers, mobile phones, embedded
systems, and wearables.

Essential elements of any data :


Data collection, the initial step in data analytics, involves gathering data from
various sources, including:
Transaction Data: Collected from sources like supermarkets, banks, and
transportation systems, often sourced from point-of-sale systems, e-commerce
platforms, and financial databases.
Operational Systems: Data retrieved from systems like enterprise resource
management and customer relationship management.
Web and Social Media Data: Comprising data from web analytics tools, social
media platforms, and online surveys.
Machine Data: Involving data generated by sensors, RFID tags, and connected
devices.
Effective data collection provides the foundation for subsequent data analysis
and insights.
Data analysis is a versatile process used to extract valuable insights and inform
decision-making in diverse business contexts.
Statistical Techniques: Data analysis utilizes statistical methods to examine and
interpret data.
Varied Goals: The objectives of data analysis depend on data type and business
needs.
Pattern Identification: It helps in recognizing patterns and trends within the
data.
Predictive Analysis: Data analysis can be used for predicting future outcomes
based on historical data.
Anomaly Detection: It aids in detecting unusual or irregular data points that
may indicate issues or opportunities.
Improving processes in data analytics is a continuous effort involving:
Iteration: Data analytics is not a one-time event but an ongoing process.
Data-Driven Changes: Action is taken to enhance data collection, processing,
and analysis methods.
Decision-Making: Decisions may be altered based on data insights.
It's a dynamic cycle where data-driven improvements are continually
implemented to enhance operations and decision-making.
Generating reports in data analytics involves:
Data Summarization: Creating written summaries of key findings from data
analysis.
Communication: Sharing results with stakeholders who may lack data
interpretation skills.
Continuous Improvement: Regularly enhancing the data analytics process to
make a positive impact on the business.
Reports serve as a vital communication tool to convey insights and drive
informed decision-making in the organization.

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