Exploratory Data Analysis and its Importance to Your Business

Most of the discussions on Data Analysis deal with the “science” aspect of it. Surely, there’s a lot of science behind the whole process – the algorithms, formulas, and calculations, but you can’t take the “art” away from it. Structuring the complete process – from planning the analysis, to making sense of the final result – is no mean feat, and is no less than an art form. That is exactly what comes under our topic for the day – Exploratory Data Analysis. In this article, we’ll be looking at what is exploratory data analysis, what are the common tools and techniques for it, and how does it help an organization. What is Exploratory Data Analysis? Exploratory Data Analysis is one of the important steps in the data analysis process. Here, the focus is on making sense of the data in hand [...]