We have two(2) modules on data discovery. At the end of Module 1, you should be able to:
- Define Data Discovery
- Highlight the benefits of Data Discovery
- Respond to all review questions on Module 1
What is Data Discovery?
There are four(4) steps towards advanced analytics and data discovery is the first. It describes the process for collecting data from various sources and helps analyst in harnessing any data to inform critical decision making. Data discovery processes allows for the conversion of unclean, messy and scattered data to insights usable for business consumption.
Data discovery can therefore be referred to the collection and analysis of data, unearthed to gain insight from hidden patterns and trends.
The process of extracting usable data from a larger set of any raw data using one or more software is known as Knowledge Discovery in Data (KDD) and also referred to as Data Mining.
What are the Benefits of Data Discovery?
The benefits of data discovery includes but not limited to the following;
Unlocking Essential information into Actionable Insights
With data discovery, you are able to unlock essential information within unstructured and structured data into insights and also visualize outcomes on analysis for further consumption by its users.
Transformation of Data for Re-use
The process of data Data discovery allows for transformation of data into aggregates, formatting its different sources and different structures to facilitate its analysis. The result of this process provides analysts with the right data in the right format.
Saves Time
Data analysis is a continuous process. As new data is collected, current data needs to be cleaned, stored, and made available for future use. Data discovery leverages both new and past data so it can be reliably reused at scale.
Accelerating data governance in any organization
Data is versatile and often contains information that can be used in several different analyses, hence the ability to scale across various teams and accelerating the data governance method of providing all users with a single source of truth. Departments or users can leverage the same data in different ways to create unique insights.
Review Questions
Define in your own words Data Discovery
What Benefits do you think data discovery gives beyond what was explained on this module?
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