The purpose of Data Analysis
Data Analytics Academy Data Analytics Academy
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 Published On Jan 15, 2023

Here the main purpose of data analysis in business is explained.

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What is data analysis?
Data analysis is the most important element of any business, in that every business touchpoint outputs data which in turn needs to be analysed in order to understand and make data driven decision making. Many factors have influenced the importance of data across the world and industries (Bhatia, 2017). Data can be qualitative (in the form of texts and narratives) or quantitative (numeric). For business data analysis in this course the main focus will be on quantitative data that includes commercial pillars. Commercial elements that are usually analysed include some of these elements; sales and revenue figures, business order numbers, customer interactions, the percentage increase in rand value, environmental data (energy consumption), medical data (patient diagnostics), and data that marketing departments use to determine who to promote new products to (Ott & Longnecker, 2008).

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This e-book is a simplified guide to data analysis, focusing on the basics of data analysis. It covers topics such as introduction to data analysis, statistical analysis using microsoft excel, data cleaning and manipulation, and data visualisation. Whether you're a beginner or an expert, this book provides an invaluable source of knowledge on the subject of data analysis. This e-book will help you understand the fundamentals of data analysis and develop the skills you need to tackle the most challenging projects.

Chapters in the book:

1 . I n t r o d u c t i o n t o D a t a A n a l y t i c s

2 . S t a t i s t i c a l A n a l y s i s u s i n g M i c r o s o f t E x c e l

3 . D a t a C l e a n i n g a n d M a n i p u l a t i o n

4 . D a t a V i s u a l i s a t i o n

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