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The involvement of data analysis in everyone's life


"Everything is about Statistics" 

Is this statement true or false? Some people think that by analysing everything with statistics, the future or the current situation can be accurately predicted. However, if everything it was a simulation, the mentioned statement should be 100% correct. But what is come when the analysing subject, is the "humans"?

Human beings behave with their own decisions, act with their own will and understand whatever they want to understand. In this case for every human being millions of data are produced, and most of the times everything is stored somewhere in the world wide web, or otherwise, internet.

These data can be processed, then to analysed and finally to provide meaningful insights for every aspect of our concern. Using the correct way of analysis and the correct tools and of course a correct statistical algorithm, an estimate result of their behavior, can be calculated. Just you should have in mind that, you will never be close to 100% but you will never fail to predict the most probable scenario/ result of the future using data analysis for the specific entity.

People's Behavior or Data Analysis?

However, the main purpose of this article is not to analyse people's behavior, but to describe in simple words the science of data and how to manipulate them. By implenting correctly the above, retreiving of  lots of information will be accomplished. At the end, if we are lucky enough, we will be able to have as a result an explainable prediction. I will not go through the techniques of data analysis, this will be illustrated in other articles. The purpose  is to get at least an idea of what exactly you are looking for, and how to understand it in an easy way, when you are talking or studing about data analytics.

The general idea and benefits of knowing data analysis

So, what are the benefits of data analytics? The answer look to be easy but if you dive deeper and investigate further about the mentioned topic the benefits are more than you can imagine. Various benefits can come to the mind of each individual who has studied or has basic knowledge but let me tell you with confidence that if you are good on analysing data, and when I am telling "data" I mean everything the answer is everything. Everything can act beneficiary to you especially when you are always at the correct direction of the story. However, everything is a big...very big word but its the truth. Everybody knows it, everybody support it and everybody has its own assumptions on this.

Let's find an example of your life, in order to think more seriously the answer that I have given you above. Take into consideration an experience that you have passed, focus on a bad experience not a good one. Now ,look forward and think everything that you have passed until this experience finished. Finally think, if you will experience the same exactly think or something very similar, are you going to finilize it with the same way? Most probably NOT! Some of you maybe yes, but 99% each one of you, you will improve it, you will change the way that you are thinking, you will change the stetament to get better results, more accurate results. And of course if you see better results you will continue to improve it until you reach the perfection. Another word that the most of you are afraid of ,because it takes you outside of your comfort zone, because you are afraid to be ambiguous. Let's stay on the topic, the example above can be the science of analysis. In this case you have identified some "rules" some red flags that you need to avoid so as a result by processing of the past data,  the repetition of the same situation with already known results and the vizualization of the awaiting results in your mind you will try to change the result with changing your past data. With much simpler words...You are Evolving.

The word everything is not explained yet. One example can not show you the whole picture. So take the same example and expand it for every bad experience you had. You will see that everytime in every situation you will try to improve it by repeating the above procedure, in order to reach more accurate result. In every section of your life, either personal or bussines, and every topic of your work the procedure has been used thousands of times without even knowing it.

Conclusion

I am thinking that every individual is producing data every second, so the data are unlimided...so you have to focus on your needs, but rememebr always to be open minded and think out of box to get the result that you want. So if you take the correct data (feature engineer) and if you analyze them as a data analyst, then most probably

  1. You will reach your goals
  2. You will improve your life decisions 
  3. You will achieve them using the Science of Analysis.

 


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