What is data analysis?

Data Collection

The first stage of any data analysis is data collection.

This simply means gathering data from all of the sources that hold information you need.

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These storage areas are often referred to as a data warehouse.

When it comes to business intelligence, the required data should help an organization make better business decisions.

Data Visualization

The most popular tool for collecting, analyzing, and visualizing business data isMicrosoft PowerBI.

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The ability to combine information from various data sources lets you find correlations that wouldnt have been possible before.

This is the magic of modern data analysis.

PowerBI isnt the only app with the ability to manipulate and visualize data in this way.

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In fact, theres a growing market for just these types of tools.

Thankfully there are excellent open-source options available if thats where you should probably start.

Data Mining

One of the most powerful new data analysis techniques is something called data mining.

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