Stories of analysis

  Analysis, the key of success Analysis of data is the key to become successful as human, and even better, to succeed on running a business. When data are used effectively in an efficient way you can get fast and clear observations on the past performance of your life and your business, and then to make better decisions for the future. There are million ways that the data analytics can support you, in any level of your business in order to achieve any target of your choice. However, to succeed your goals, you need to know the four types of data analysis that are commonly used in every business in every industry. Every category has its own target and they are connected to each other. What's even more, every category is an extension of the other so you need to have a consolidated view and understanding of each category to find the seeking outcome. As you can see at the below graph demonstrates the complexity of each category and added-value contribution. At the same time you can see ...

"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 t...