Jobs
Data Analysis
Data analysisis the systematic process of inspecting, cleansing, transforming, and modeling data to discover useful information, draw conclusions, and support decision-making1. It involves applying various techniques and tools to extract meaningful insights from raw data, helping in understanding patterns, trends, and relationships within a dataset2.
Key Principles of Data Analysis
Data Collection: Gathering relevant data from various sources. This can include internal sources like a company's CRM software or external sources like government records or social media APIs1.
Data Cleaning: Preparing the data for analysis by removing duplicates, reconciling inconsistencies, and standardizing data formats1.
Data Analysis: Manipulating the data using various techniques to find trends, correlations, outliers, and variations1.
Interpretation: Interpreting the results to see how well the data answers the original question and making recommendations based on the data1.
Types of Data Analysis
Descriptive Analysis: This type of analysis helps describe or summarize quantitative data by presenting statistics. It answers the question, “what happened?”1.
Diagnostic Analysis: This analysis determines the “why” behind the data. It answers the question, “why did it happen?”1.
Predictive Analysis: Uses data to form projections about the future. It answers the question, “what might happen in the future?”1.
Prescriptive Analysis: Uses insights from the first three types of analysis to form recommendations for future actions. It answers the question, “what should we do about it?”
Understanding Data Analysis
The Borough of Basildon is a local government district in south Essex in the East of England, centred on the town of Basildon. It was formed as the Basildon District on 1 April 1974 from the former area of Basildon Urban District and the part of Thurrock Urban District that was within the Basildon New Town. The population of the district as of 2010 is about 172,000. The local authority is Basildon Borough Council. The council made an application for borough status in February 2010 and this was given approval that year, with Mo Larkin becoming the first mayor in October.[1][2]
