Data Analytics Life

Cycle

https://www.businessprocessincubator.com/content/data-analytics-life-
cycle/
 • Data is precious in today’s digital
What is Data environment. It goes through several life
stages, including creation, testing,
Analytics Life processing, consumption, and reuse.
• These stages are mapped out in the Data
Cycle? Analytics Life Cycle for professionals
working on data analytics initiatives.
• Each stage has its significance and
characteristics.
Importance of Data Analytics Life Cycle

The Data Analytics Life Cycle covers the process of generating, collecting,
processing, using, and analyzing data to achieve corporate objectives.

It provides a systematic method for managing data to convert it into

information that can be used to achieve organizational and project goals.

The process gives guidance and strategies for extracting information from
data and moving forward on the proper path to achieve corporate
objectives.
• Data professionals use the
circular nature of the Life Cycle to
go ahead or backward with data
analytics.
• Based on the new information,
they can decide whether to
continue with their current
research or abandon it and redo
the entire analysis.
• Throughout the process, they are
guided by the Data Analytics Life
Cycle.
Data Analytics Life Cycle Phases

A scientific method for creating a structured framework for the data analytics life
cycle is divided into six stages of data analytics architecture.

The framework is straightforward and cyclical. This means that all of the
processes in the data analytics life cycle in big data must be completed
sequentially.

It’s also worth noting that because these phases are cyclical, they can be taken
both forward and backward. So here are the six data analytics phases, which are
the most fundamental processes that must be followed in data science projects.
 Phase The purpose of this initial phase is to conduct evaluations and
assessments to develop a fundamental hypothesis for resolving
any business problems and issues.

1: Data
Discover
The first stage entails mapping out the potential use and demand
of data, such as where the data is coming from, the story you
want your data to portray, and how your business benefits from
the incoming information.

y and As a data analyst, you will need to explore case studies using

Formatio
similar data analytics and, most crucially, examine current
company trends. Then you must evaluate all in-house
infrastructure and resources, as well as time and technological
needs, in order to match the previously acquired data.

n Following the completion of the evaluations, the team closes this

stage with hypotheses that will be tested using data later on. This
is the first and most critical step in the big data analytics Life
Cycle.
 The data science team investigates and
learns about the challenge.

Key Create context and understanding.

takeawa
ys: Learn about the data sources that will be
required and available for the project.

The team develops preliminary hypotheses

that can later be tested with data.
Phase 2: Data
Preparation
and
Processing The data preparation One of the most The following
and processing phase important aspects of techniques are used to
involves gathering, this step is ensuring acquire data:
processing, and that the data you
purifying the collected require is available for
data. processing.
Data Acquisition: Accumulate
data from external sources.
Data Entry: Within the
organization, creating new
data points utilizing digital
technologies or manual data
input procedures.
Signal Reception: Information
gathering from digital devices
such as the Internet of Things
and control systems.
• An analytical sandbox is required during the data
preparation phase of the data analytics Life Cycle. This
is a scalable platform used to process data by data
analysts and data scientists. The analytical sandbox
contains data that has been executed, loaded, and
altered.
• There is no defined order in which this phase of the
analytical cycle must take place; it may be repeated at
a later time as necessary.
 • After you’ve defined your business
goals and gathered a large amount
Phase of data (formatted, unformatted, or
3: Design semi-formatted), it’s time to create
a model that uses the data to
a Model achieve the goal.
• Model planning is the name given
to this stage of the data analytics
process.
There are numerous methods for loading data into
the system and starting to analyze it:
• ETL (Extract, Transform, and Load) converts the
information before loading it into a system using a set
of business rules.
• ELT (Extract, Load, and Transform) loads raw data into
the sandbox before transforming it.
• ETLT (Extract, Transform, Load, Transform) is a
combination of two layers of transformation.
• This step also involves teamwork to identify the
approaches, techniques, and workflow to be used in the
succeeding phase to develop the model.
• The process of developing a model begins with finding
the relationship between data points in order to choose
the essential variables and, subsequently, create a
suitable model.
 • This stage of the data analytics Life Cycle
involves creating data sets for testing,
training, and production. The data analytics
professionals develop and operate the model
they designed in the previous stage with
Phase proper effort.
• They use tools and methods like decision
4: Model trees, regression techniques (such as logistic
regression), and neural networks to create
Building and run the model. The experts also run the
model through a trial run to see if it matches
the datasets.
• It assists them in determining whether the
tools they now have will be enough to
execute the model or if a more robust system
is required for it to function successfully.
Key Takeaways:

• The team creates datasets for use in testing, training,

and production.
• The team also examines if its present tools will serve for
running the models or if a more robust environment is
required for model execution.
• Rand PL/R, Octave, and WEKA are examples of free or
open-source tools.
 • Recall the objective you set for your
company in phase 1. Now is the time to
see if the tests you ran in the previous
phase-matched those criteria.
Phase 5: • The communication process begins
Result with cooperation with key stakeholders
Communicati to decide whether the project’s
outcomes are successful or not.
on and
• The project team is responsible for
Publication identifying the major conclusions of the
analysis, calculating the business value
associated with the outcome, and
creating a narrative to summarize and
communicate the results to
stakeholders.
 • As your data analytics Life Cycle comes to an
end, the final stage is to offer stakeholders a
complete report that includes important
results, coding, briefings, and technical
papers/documents.
Phase 6: • Furthermore, to assess the effectiveness of
the study, the data is transported from the
Measuring sandbox to a live environment and observed
Effectivene to see if the results match the desired
business aim.
ss • If the findings meet the objectives, the
reports and outcomes are finalized. However,
if the conclusion differs from the purpose
stated in phase 1. Then You can go back in
the data analytics Life Cycle to any of the
previous phases to adjust your input and get
a different result.
https://www.businessprocessincubator.com/content/data-
analytics-life-cycle/