With the growth of the big data phenomenon, data analysis and summarising are becoming crucial elements when it comes to revealing trends and sharing key information.
Beyond data analysis, it’s also important to know how to cross-check information, to overlap statistics, and to create visual forecasts and projections.
Here are the key steps for ensuring optimal use of your data and boosting its value:
This step is crucial – it concerns having a sound understanding of the data that you’re going to work with:
This is particularly important if your data isn’t all the same type – you analyse the data elements individually, one by one. To do this, you might need to harmonise the data, if all elements aren’t in the same format.
Flat tabulation – this refers to descriptive statistics (e.g. %) for a qualitative variable. A flat tabulation is typically represented with a bar chart.
This step involves analysing the relations between two or more variables. It allows you to highlight the relation between two or more data groups (e.g. place of residence and age). Cross tabulation enables the obtaining of finer analyses to check, validate or disprove hypotheses.