The five principles to creating a data-driven culture are leadership, data accessibility, data literacy, great metrics, and tenacity. These pillars, covered in more detail below, enable an organization to weave data analytics through the very fabric of their organization.
Data Analysis is the process of systematically applying statistical and/or logical techniques to describe and illustrate, condense and recap, and evaluate data. They typically have the infrastructure and technology in place to collect, process and analyze large amounts of data in real-time.
This information can then be used to drive better decisions across a wide range of industries, including healthcare, education, retail, finance, manufacturing, and more. It's a five-step framework to analyze data. The five steps are:
(1) Identify business questions,
(2) Collect and store data,
(3) Clean and prepare data,
(4) Analyze data, and
(5) Visualize and communicate data.
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