Product
Data Analysis
Definition of
Data analysis refers to the process of inspecting, cleaning, transforming, and modeling data in order to derive meaningful insights from it. It involves using various statistical and computational techniques to identify patterns, trends, and relationships in large sets of data. The goal of data analysis is to turn raw data into useful information that can be used to make informed decisions. For example, a company may use data analysis to understand customer behavior and preferences, which can help them improve their marketing strategies and product offerings. In healthcare, data analysis is used to identify patterns in patient data to improve diagnoses and treatments. Governments may use data analysis to monitor and address social issues like crime rates or public health concerns. Overall, data analysis plays an important role in many industries and can lead to significant improvements in decision-making and problem-solving.
