Uploaded on Dec 16, 2020
What are data analysis tools and techniques? Know about the various types of data analysis tools, techniques, methods, and processes from this PowerPoint presentation.
What are Data Analysis Tools and Techniques
What are Data Analysis Tools and Techniques? SRI MOOKAMBIKA INFOSOLUTIONS PVT LTD Data analysis tools - Snapshot Statistical analysis tools Features to watch: 1. An ecosystem of more than 10000 packages and extensions for various types of data analysis 2. Statistical analysis, modeling, and hypothesis testing (e.g. analysis of variance, t test, etc.) 3. Active and communicative community of researches, statisticians, and scientists Business intelligence tools Features to watch: 1. Visual drag-and-drop interface with an easy switch to advanced SQL mode 2. Powerful predictive analytics features and interactive charts and dashboards 3. Intelligent alarms that are triggered as soon as an anomaly occurs General purpose programming language Features to watch: 1. An open-source solution that has simple coding processes and syntax so it’s fairly easy to learn 2. Integration with other languages such as C/C++, Java, PHP, C#, etc. 3. Advanced analysis processes through machine learning and text mining SQL Consoles Features to watch: 1. A unified visual tool for data modelling, SQL development, administration, backup, etc. 2. Instant access to database schema and objects via the Object Browser 3. SQL Editor that offers colour syntax highlighting, reuse of SQL snippets, and execution history Data modeling tools Features to watch: 1. Automated data model generation to increase productivity in analytical processes 2. Single interface no matter the location or the type of the data 3. 7 different versions of the solution you can choose from and adjust based on your business needs Standalone predictive analytics tools Features to watch: 1. Automatic forecasting for a large number of entities or products, including hierarchical forecasting 2. Scalability and modeling by combining 2 or more models and creating an ensemble 3. An unlimited model repository that includes time series and casual methods such as ARIMA and ARIMAX ETL tools Features to watch: 1. Collecting and transforming data through data preparation, integration, cloud pipeline designer 2. Data governance feature to build a data hub and resolve any issues in data quality 3. Sharing data through comprehensive deliveries via APIs Unified data analytics engines Features to watch: 1. High performance: Large-scale data processing 2. A large ecosystem of data frames, streaming, machine learning, and graph computation 3. A collection of over 100 operators for transforming and operating on large scale data Spreadsheet applications Features to watch: 1. Part of the Microsoft Office family, hence, it’s compatible with other Microsoft applications 2. Pivot tables and building complex equations through designated rows and columns 3. Perfect for smaller analysis processes through workbooks and quick sharing Industry-specific analytics tools Features to watch: 1. 4 main experience features: customer, brand, employee, and product 2. Additional research services by their in-house experts 3. Advanced statistical analysis with their Stats iQ analysis tool Data visualization tools & platforms Features to watch: 1. Interactive JavaScript engine for charts used in web and mobile projects 2. Designed mostly for a technical- based audience (developers) 3. WebGL-powered boost module to render millions of data points directly in the browser Data science platforms Features to watch: 1. A comprehensive data science and machine learning platform with more than 1500 algorithms 2. Possible to integrate with Python and R as well as support for database connections (e.g. Oracle) 3. Advanced analytics features for descriptive and prescriptive analytics Data analysis techniques - Snapshot Text analysis Text Analysis is also referred to as data mining Statistical analysis Statistical Analysis shows "What happen?" by using past data in the form of dashboards Diagnostic analysis Diagnostic analysis shows “Why did it happen?" by finding the cause from the insight found in statistical analysis Predictive analysis Predictive Analysis shows "what is likely to happen" by using previous data Prescriptive analysis Prescriptive analysis combines the insight from all previous analysis to determine which action to take in a current problem or decision. Data analysis process - Snapshot Data requirement gathering Data collection Data cleaning Data analysis Data interpretation Data visualization Thank you References: 1. Guru99.com 2. Datapine.com Looking for a professional data analysis services? Contact Us: SMI – Enterprise Data analysis services No: #31, 3rd Floor, Town Hall Road, Madurai – 625001, TN, India Phone: India - (+91) 99940 23236, 98422 92110 Dubai – (+971) 50 4235546, (+971) 04 3817358 United States – (+1) 678 459 2330 Email: [email protected]
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