Understand Data Analysis – Page 4

What is Market Intelligence Data? 4 Easy Examples & Sources

The most successful companies today leverage data to optimize customer experiences. While understanding one’s customers is key, small and medium-size businesses earn a strong competitive edge when they use data to understand market conditions and competitors. In a sentence, market intelligence data consists of tabular details addressing a market’s customers, competitors, suppliers, and macroeconomics, using […]

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What is a data object? Definition, Types, & Examples

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If you’ve ever tried to understand data objects from a textbook or formal documentation, you probably ended up confused. Data object are a simple concept, but their meaning usually gets lost in dense wording. The purpose of this article to to clearly define data objects, explain their various types, and provide examples so you walk

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Dummy Data: Definition, Example & How to Generate It

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Dummy data isn’t exactly dumb — on the contrary. Analysts that use dummy data are often the smart ones in the room, since dummy data is kind a safety mechanism for data integrity. It’s a trial subject of sorts, applied to unknown programs, or program modifications, before valuable data is used. OK, that’s a high-level

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What is data modeling? A Visual Introduction with Examples

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In their simplest form, data models are diagrams that show 3 dimensions: 1. what data an organization collects, 2. in which section of the organization it is collected, and 3. how each section’s data relates to others. Data modeling (modelling) is the process of creating those data models. But for most people, this description isn’t

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data analysis types, methods, and techniques tree diagram

Data Analysis: Types, Methods & Techniques (a Complete List)

Understand Data Analysis

(Updated Version) While the term sounds intimidating, “data analysis” is nothing more than making sense of information in a table. It consists of filtering, sorting, grouping, and manipulating data tables with basic algebra and statistics. In fact, you don’t need experience to understand the basics. You have already worked with data extensively in your life,

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What does a data analyst do? (& How You Can Do It, Too)

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Data analysts are some of the most critical, yet least understood, positions in business today. Some say that they are “responsible for all the data that a company collects and produces.” But this description so vast that it’s unclear what data analysts actually do. So… what does a data analyst do? In short, data analysts

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are data visualizations good or bad? good

Pros & Cons of Data Visualization: the Good, Bad, & Ugly

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To understand the pros and cons of data visualization, you should first look at historical context: the data visualization discipline has grown in popularity as a communication tool since the mid-2000s, a time when private companies began collecting information at mass scale, and for good reason. Data visualization helps communicate complex relationships and ideas in

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What is a database analyst, and what does he/she do?

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Database analysts are the people who keep databases functioning well over time. They solve a problem: though most non-technical people never see it, databases decay with use. New systems, updates, and file types pose a constant threat to a company’s use of data, and database analysts protect against these threats. In a sentence, database analysts

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What is a data dictionary? A Simple & Thorough Overview

Understand Data Analysis

It may sound strange to have a dictionary for data since a dictionary is data, but these metadata repositories are an essential element to maintaining and communicating the structure of any underlying database. In short, a data dictionary describe a table’s columns based on common traits (i.e name, definition, data type) within another table. Admins

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