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Data Analytics - Intro

This document provides an introduction to data analytics. It defines key terms like data, information, and analytics. It explains that data analytics is the process of examining data sets to draw conclusions. It also describes different types of analytics like descriptive, predictive, and prescriptive analytics. Finally, it discusses data analytics capabilities, architecture, current state of reliability data analysis, and benefits of data analytics.

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kireet04
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0% found this document useful (0 votes)
56 views12 pages

Data Analytics - Intro

This document provides an introduction to data analytics. It defines key terms like data, information, and analytics. It explains that data analytics is the process of examining data sets to draw conclusions. It also describes different types of analytics like descriptive, predictive, and prescriptive analytics. Finally, it discusses data analytics capabilities, architecture, current state of reliability data analysis, and benefits of data analytics.

Uploaded by

kireet04
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Introduction to Data Analytics

Dr.Kireet.M
Dept of CSE
JNTUHCEH

1
Data Analytics

“The first and simplest emotion which we discover in the human mind, is curiosity.” ~Edmund Burke
 Data: Data is a set of values of qualitative or quantitative variables. It is information
in raw or unorganized form. It may be a fact, figure, characters, symbols etc.
Information: Meaningful or organised data is information.
 Analytics: Analytics is the discovery , interpretation, and communication of
meaningful patterns or summery in data.
 Data Analytics (DA) is the process of examining data sets in order to draw conclusion
about the information it contains.
 Analytics is not a tool or technology, rather it is the way of thinking and acting on
data
What is Data Analytics?
 Data Analytics:
 “is a process of inspecting, cleansing, transforming, and modeling data with the goal of discovering useful
information, suggesting conclusions, and supporting decision-making”. -Wikipedia
 "leverage data in a particular functional process (or application) to enable context-specific insight that is
actionable.“ – Gartner
 “is using our current data sets to extract useful information to support advanced decision
making” - ATC
 Data Visualizations (i.e. Data Viz):
 Visual context of data, Dashboards
 Often single page, real-time user interface, graphical presentation of your data

“Without data you’re just another person with an opinion.” ~W. Edwards Deming
Types of analytics
 1. Descriptive Analytics (“What has happened?”) (Data aggregation, summary, data
mining)

 2. Predictive Analytics (“What might happen?”) (Regression, LSE,MLE)

 3. Prescriptive Analytics (“What should we do?”) (Optimization,


Recommendation)
Data Analytic Capabilities

“The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge.” ~Stephen Hawking
Data Analytics Pillars and Foundation
Data Analytics Architecture

Action
Action
Business Wisdom Analysis

Tools
Visualization
Partnership and
Stewardship
Information & Translation
Knowledge

Rules
Cleaning Processing
Interpretation Preparation

Information
Data
Technology
Data Layer

Data
Integration Data Collection

“The greatest value of a picture is when it forces to notice what we never expected to see.” ~John Tukey
Current state – Reliability Data

Data

Manual

Information

(Looking back (Looking forward


What happened?) What will happen?)
Current state – Reliability Data

(Looking back) (Looking forward)


The Outage Data in the Analytics repository
• Reliability measured against outages
• Outages are unexpected operation
causing an interruption of power
delivery, like a power outage at your
home.
Benefits
• Integrity: the “truth” of your data
• Quality: is the data of a “superior” nature
• Gap Identification: “completeness” of the dataset
• Efficiency: “productivity” in our practices
• Continuous Improvement: progressive advancement of our
processes
• Effective: “valuable” as leading, lagging, & coincidental indicators
• Evidence: supports and proves our decision-making

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