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Data Analytics Process

A Real-life Situation of Applying Data Analytics

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Description:

Data analytics is a part of our life. We use data analytics by knowing or without knowing about it. This process consist of six steps i.e. Plan, Prepare, Process, Analysis, Share, Act.

Here, I will discuss about the real-life scenario of applying data analytics through these steps.

My Case: Going to market to buy gift for a birthday party.

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Plan:

  • Planning is the first step of Business Analytics. It is the root.
  • At first, I had to think about which gift I should choose for attending the birthday party. Then after considering gender and age I decided to buy a book.

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Prepare:

  • This is the process of identifying needs to fulfill the result we identified during first step.
  • After deciding on buying a book, the financial part came. I fixed a maximum budget of Rs. 1000 to buy that book and raised the funds from my savings account.

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Process:

  • At this point, we must plan our routes in a particular direction.
  • At the bookshop, there were various kinds of books, and I needed to decide which kind of books I should buy. There were various book genres, such as fiction, science, comedy, horror, and novels. 

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Analyze:

  • Analyzing is an important part of selecting the best solution.
  • Analyzing all the segments of the book, I was quite sure that a novel would be perfect. In novels, there are numerous options to choose from. Considering the age and trends of the books, I made up my mind to buy "Alice’s Adventures in Wonderland“ written by Lewis Carroll.�

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Share:

  • It is an important step toward having a fruitful conversation for the final step.
  • After choosing that book, I approached the shopkeeper for that book. Then we communicate with each other about the correct pricing and packaging for that book.

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Act:

  • It is the final stage.
  • I finally purchased the book.

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Conclusion

  • I demonstrated the six stages of business analytics using a real-world scenario. From planning to implementing, all six stages have some unique characteristics. These are also applicable to our daily lives. We also figure out certain things with these methods of business analytics without even knowing it.