What is data analysis and what are the types of data? Explain with example.
Data analysis is a primary component of data mining and Business Intelligence (BI) and is key to gaining the insight that drives business decisions. Organizations and enterprises analyze data from a multitude of sources using Big Data management solutions and customer experience management solutions that utilize data analysis to transform data into actionable insights. There are two types of data Qualitative data:- The data which is observed Example:- The plant has red flowers. Quantitative data:- The data which is counted Example:- The plant has 5 flowers.