Altair MonarchĪltair Monarch is a market leading desktop-based self-service data preparation solution tool offered by Altair. GIGO – Garbage In Garbage Out, so data must be good because it’s a prerequisite for producing effective models of any type. These are broad strokes, and the actual process can include a wide range of steps, such as consolidating/separating fields and columns, changing formats, deleting unnecessary or junk data, and making corrections to data. To achieve the final stage of preparation, the data must be cleansed, formatted, and transformed into something digestible by analytics tools. Because in the real world data is noisy, incomplete and inconsistent, we cannot use such data for further analysis.ĭata preparation is the process of taking raw data and getting it ready for ingestion in an analytics platform. “Don’t let data tell a wrong and meaningless story”ĭata preparation is a very important step in the field of data science where a majority of the time is consumed in preparing and pre-processing the data. You can use this data to understand the demographics of your customers, improve your customer service, predict your customer’s behavior in the future, and help you make business decisions. This information can bring to light things you might not even have known about your business. The Importance of Data Analysis in a BusinessĮvery company should look into data analysis to get an accurate report on how their company is doing in many aspects. So, what is data? Data can be texts or numbers written on papers, or it can be bytes and bits inside the memory of electronic devices, or it could be facts that are stored inside a person’s mind. But that is not the only definition of data there exist other types of data as well. Since the invention of computers, people have used the term data to refer to computer information, and this information was either transmitted or stored.
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