OLA interview Question | Analytics

Question

What are the various steps involved in an analytics project?

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Dhruv2301 4 years 1 Answer 908 views Great Grand Master 0

Answer ( 1 )

  1. swap007
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    1) Understanding the business problem.
    2) Converting the business problem into an analytical problem.
    3) Identifying the Data Sources required and collecting the Data from the sources.
    4) Preparing the data by performing pre-processing,merging multiple data sets,
    transforming data as per the needs etc.
    5) Performing Exploratory Data Analysis to derive insights about the problem at hand.
    6) Determining if a ML algorithm is required to solve the problem. If yes, which algorithm
    suits the problem at hand and can be used on the data that is available.
    7) Applying various ML algorithms and determining the best algorithm to solve the problem.
    8) Creating a story around the processes followed and conveying the results back to the stakeholders.
    9) It is important to convey what business impact has been created or can potentially be created by deploying
    the solutions.
    10) Keep on refreshing the models as more and more data gets collected.

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