importance and interpretation of data in life and business
TRANSCRIPT
by Ashvin Savani
IMPORTANCE & INTERPRETATION
OF DATA
God we trust Everything else gives Data
We all generate and use the Data but we don’t realise it!
Data - Raw information in numbers or text
342.05 342.16 342.28 345.34 346.89 347.00
Information - Meaningful version of Data
342.05 342.16 342.28 345.34 346.89 347.00
ft ft ft ft ft ft
Water Level at Ukai Dam
Knowledge - Contextual Information
Water Level at Ukai Dam
340
341.25
342.5
343.75
345
Mon Tue Wed Thu Fri Sat
Wisdom - Application of Knowledge
Flood gates should be opened when water level reaches to 345 ft
When there is high inflow, water level may vary more than 2 ft in single day
Data Analysis - It’s an art used by smart people
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Chanakya
TATAs & Ambani’s
Sardar Patel
Scientists
We also can :)
Data Analysis Systems
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Informative - Sahdeva
Responsive - Krishna
Data in Life
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Quality time
Life goals
Healthy life
Depression patients
Data in Business
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Customers
Team
Competition
Growth
How to be Data Driven
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Define Goal
Track the data frequently
Choose how to measure the progress?
Visualise the data
Data driven decisions
Data Scientists
Data usage in Life
Data usage in Business
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12.5
25
37.5
50
Mon Tue Wed Thu Fri Sat Sun
