Types of Data Analysis

Several data analysis techniques exist encompassing various domains such as  business, science, social science, etc. with a variety of names. The major data analysis  approaches are −

  • Data Mining
  • Business Intelligence
  • Statistical Analysis
  • Predictive Analytics
  • Text Analytics

Data Mining

Data Mining is the analysis of large quantities of data to extract previously unknown,  interesting patterns of data, unusual data and the dependencies. Note that the goal is  the extraction of patterns and knowledge from large amounts of data and not the  extraction of data itself.

Data mining analysis involves computer science methods at the intersection of the  artificial intelligence, machine learning, statistics, and database systems.

The patterns obtained from data mining can be considered as a summary of the input  data that can be used in further analysis or to obtain more accurate prediction results  by a decision support system

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