Fundamentals of Data Analytics
Fundamentals of Data Analytics
Fundamentals of Data Analytics
Unit 1
Fundamentals of
Data Analytics
Fundamentals of Data Analytics
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The content is curated from online/offline resources and used for educational purpose only
Fundamentals of Data Analytics
Fundamentals of Data Analytics
Learning Objectives
• Why we need to learn Data analytics
• Introduction to Data Analytics
• Types of Analytics
• Components of a Modern Data
Ecosystem
• Key Steps in a Data Analysis Process
• Data Analytics vs. Data Analysis
• Data Storage Terminologies
• Introduction to Power BI
• Working with Power BI.
• Database Integration using Python
Fundamentals of Data Analytics
Data Type
Fundamentals of Data Analytics
Types of Analytics
Descriptive Analytics
• The simplest type of analytics is descriptive
analytics, which serves as the base for all other
types.
• It enables you to quickly summarise what occurred
or is happening by drawing trends from the raw
data.
• When used in business, it gives the analyst a view
of important metrics and measurements used by
the company.
Fundamentals of Data Analytics
Diagnostic Analytics
• This type compares concurrent trends or movements,
reveals correlations between variables, and, when
possible, establishes causal relationships.
• The question of why something happened can now be
answered by comparing historical data to other data.
• Diagnostic analytics offers in-depth perceptions into a
specific issue.
Fundamentals of Data Analytics
Predictive Analytics
• The use of predictive analytics provides an answer to the
question, "What might happen in the future?" by making
predictions about present trends or events.
• It makes use of the outcomes of descriptive and
diagnostic analytics to find clusters and exceptions as well
as make predictions about future trends.
Fundamentals of Data Analytics
Prescriptive Analytics
Sources of Data
Relational Databases APIs and Web Services Data Streams, and Feeds.
Data Ecosystem
• A data ecosystem is a collection of business applications
and infrastructure that is used to gather and analyze data.
• It enables businesses to develop better marketing, pricing,
and business plans by helping them better understand their
customers.
• All the programming languages, algorithms, applications,
and underlying infrastructure that are used to gather,
process, and store data are collectively referred to as the
"data ecosystem".
Fundamentals of Data Analytics
Sensing
Storage Collection
COMPONENT
OF A DATA
ECOSYSTEM
Analysis Wrangling
Fundamentals of Data Analytics
Data Analysis
Data analysis is the process of cleaning, transforming, and
processing raw data in order to extract actionable, relevant
information that assists businesses in making informed
decisions. The procedure reduces the risks associated with
decision-making by providing useful insights and statistics,
which are frequently presented in charts, images, tables, and
graphs.
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Reference link
Fundamentals of Data Analytics
Reference link
Fundamentals of Data Analytics
Database
• Database is the collection of organized data that is
structured and stored electronically on a computer
system.
• Databases can store data in the form of tables
depending upon the type of database. The
database's primary goal is to store a huge amount of
data.
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Fundamentals of Data Analytics
Data Marts
• A data mart is a simple type of data warehouse that
focuses on a single subject or business line, such
as sales, finance, or marketing.
• Data marts, by definition, collect data from fewer
sources than data warehouses. Internal operating
systems, a central data warehouse, and external
data can all be used as data mart sources.
Fundamentals of Data Analytics
Data Lakes
• A data lake is a central repository for vast amounts
of data in its native, raw format.
• In contrast to a hierarchical data warehouse, which
stores data in files or folders, a data lake stores data
using a flat design and object storage.
• Object storage tags data and assigns it a unique
identity, making it easier to identify and retrieve data
across regions and improving speed.
• Data lakes enable numerous applications to use
data by using low-cost object storage and open
formats.
Fundamentals of Data Analytics
• So these operations when performed on the database, help us to view, search or modify data in our
database.
Summary
• Implementing data analytics into the business model means companies can help reduce costs by
identifying more efficient ways of doing business. A company can also use data analytics to make
better business decisions.
• Power BI allows users to create interactive dashboards and reports that make it easy to understand
and communicate large amounts of data. This can help organizations make better decisions and
identify new opportunities.
• PyMongo is the official MongoDB driver for synchronous Python applications. You have learn how to
connect and use MongoDB from your Python application and performed various crud operations.
Fundamentals of Data Analytics
Quiz
1) To glean insights from the data, many analysts and data scientists rely on _________________.
a) Data warehouse
b) Data visualization
c) Data mining
d) All of the above
Quiz
2. Data Analysis is a process of________________
a) Data Cleaning
b) Transforming of data
c) Inspecting data
d) All of the above
Quiz
3. Which is not a type analytics
a) Predictive
b) Diagnostic
c) Prescriptive
d) Perspective
Answer: d) Perspective
Fundamentals of Data Analytics
Quiz
4. Data Analytics uses ___ to get insights from data.
a) Statistical figures
b) Numerical aspects
c) Statistical methods
d) None of the mentioned above
Reference
• https://bootcamp.berkeley.edu/resources/coding/learn-data-analytics/introduction-to-data-analytics/
• https://data-flair.training/blogs/power-bi-tutorial/
• https://www.w3schools.com/python/python_mysql_getstarted.asp
• https://www.tutorialspoint.com/python/python_database_access.htm
• https://intellipaat.com/blog/tutorial/data-analytics-tutorial/data-analytics-lifecycle/#no3
• https://online.hbs.edu/blog/post/types-of-data-analysis
• https://www.tutorialspoint.com/power_bi/power_bi_introduction.htm
Fundamentals of Data Analytics
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