Basic of Data Analysis

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About Course

Understand the importance of data in business and healthcare

Course Content

Data as Foundation
New data perspectives As you have been learning, you can find data pretty much everywhere. Any time you observe and evaluate something in the world, you’re collecting and analyzing data. Your analysis helps you find easier ways of doing things, identify patterns to save you time, and discover surprising new perspectives that can completely change the way you experience things.

Understand the data

Step 1: Ask – Understand the problem
'If I had an hour to solve a problem I'd spend 55 minutes thinking about the problem and 5 minutes thinking about solutions.' So what would help to identify the problem? The following actions should help:

Step 2: Prepare – What do I need?
Once there is an understanding of the problem, one can think about how to solve this. Time to decide what data needs to be collected in order to answer the questions and how to organize it so that it is useful. One should think about the following aspects:

Step 3: Process – Make it usable!
When we start using the data, it might be a combination from different sources or it might not be of the highest quality

Step 4: Analyze – Tell me the story!
Data Analyses is a skill that takes time to master, but over time the patterns will emerge faster and methods one uses will develop.

Step 5: Share – Get different views
One thing still to remember, whatever we do, we are biased. So as the next step, get additional opinions about the findings.

Step 6: Act – We know the problem, Let’s solve it!
No analysis conclusion should remain to collect dust on a shelf! Rather some action should be taken.

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