Understand The Data using Simple Measures

In our daily lives, we collect or deal with different kinds of the data. Almost, the data exists in any business nowadays and it presents the assets of our business, for example, in the health industry, you may need to know the data about the number appointment, the number of the doctors per speciality, the staff’ performance, the bed occupations, the mortality rate, the busiest day, the revenues, …etc.

In this article, we will define the types of data we deal with every day, and what are the measures of center and spread for data, which are powerful measurement tools to understand the data in a simple, better, and an easy way. 

Absolutely, there is a dozen available ready-made tools and applications to calculate these measures easily, while I believe it is important to know how to calculate, use them and why.

Read more

Advertisements

The Evolution of Analytics | The 5 Types of Analytics

In the technology revolution we are living, I’m sure that you read or heard a story about how data is changing our world. Data may cure a disease, solve a national problem, prevent a disaster, boost a company’s performance, make a team more efficient or enhance our experience.

Data is essentially the plain facts and truth collected during the operations of a business, while you are searching for some articles on the internet, using your mobile for sending a message or finding a location. Data is everywhere and increasing significantly, data is the lifeblood of decision-making and the raw material for accountability and the oil of this century!

Nevertheless, data alone cannot do that without proper understanding, analysis, visualization, transformation, and enrichment to discover the hidden power and the potential of data and reach the top of the Data Information Knowledge Wisdom (DIKW) pyramid. Read more