Data Analysis Steps

Once you have enough data, you start to see patterns:

Data Analysis

The process of systematically applying statistical and logical techniques to describe, illustrate, condense and evaluate data. “What is happening?”

Descriptive Analytics

High-level data analysis - summarise data into smaller, more useful information – “What has happened?”

Predictive Analytics

Forecast techniques about what might happen in the future, “What could happen?”

Prescriptive Analytics

Prescribe an action so the business decision-maker can take this information and act, “What could happen?”