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DATA ASPECTS

SCOPE OF DATA AS A CONCEPT

The world of data has seen its journey rise from the shallows of something passive to being something without which absolutely no technological decision and advancement can be made in the modern world. In the present scenario, there is absolutely no industry, no market, no place in the world that can do its daily and routine work without taking the help and aid of data at each and every turn of its course.

 

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With intensive research and development in the fields of data analytics, data mining, big data, and many other related fields, data-driven decisions and correspondence have become something of a common feature wherever and everywhere you go venturing. From the biggest of the tech giants to a local business, everyone with the required amounts of capital and investment have turned towards data as their savior and messiah to aid and abet them to bring tremendous amounts of boost to their business value.

 

SCENARIO OF DATA AT PRESENT

The work of people involved in the fields of data (such as data science, data mining, data analytics, etc.) seems pretty fascinating and intriguing from the outside. However, reality shows you the actual picture once you actually get personally acquainted with those fields. Sure and fair enough that the end result and the entire procedure of a data analytics project is fascinating and mesmerizing like nothing else. To see all those computers running really sophisticated algorithms on frameworks and models that are custom and tailor-made for each and every problem coming their way really seems to pull and drag you towards them.

In reality, however, before all that can be done, a mountain-load of totally random and heterogeneous data has to be sifted through to find the relevant things before the actual work can be done. And doing this sifting is not at all easy as words make it sound; for the world on a daily basis produces data that touches the size in exabytes. Factoring and sorting such huge heaps of data to get the pertinent and useful information as per the project is something that eats up a major time in any project. Such is the condition of all kinds of datasets on which engineers and scientists have to work upon.

SOME ASPECTS OF DATA

In order for the study and research done on a set of data, there have to be some talking points about it that should be followed in order to ensure that the findings of the analysis do not deviate from its actual purpose.

  1. Data should be accurate and should be a good reflection of the quantity that you are intending to study. Jargon, typos, inconsistencies, etc. should not be present in it.
  2. Data should be recent given the fact that the habits and workings of the world keep changing on a daily basis, and so data that is old would not be a true reflection of the current scenario of the world.
  3. Data should be relevant and should stick to the goal and purpose of your study and should not stray away from the actual aim for it would bring about end results that would be of no use to you leading to wastage of both time and resources.

 

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Source URL: https://my.flagler.edu/ICS/Academics/MIS/MIS__303/2015_20-MIS__303-A____F/Free-form_Content_565.jnz