Research and Analysis Services from Edataindia
Posted On Monday, March 23, 2009 at at 10:43 PM by web researchData analytics uses scientific tools to analyze data in order to draw conclusions. Almost all industry verticals are using data analytics as a tool in order to make better business decisions. Often data analytics is misunderstood as data mining but focus and purpose for both are different.
While data mining is all about sorting through huge databases in order to set up hidden relationships and identify patterns which are not revealed, data analytics focuses on obtaining conclusion.
The science of Data Analysis is generally divided into:
Exploratory data analysis: where new features in the data are discovered.
Confirmatory data analysis: where existing hypotheses are proven true or false.
In order to draw conclusions from non-numerical data like words, photographs or video, Qualitative analysis is used.
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