Probably, this question is important as an interview question for data science role in 2024. Any typical analytics project will involve the following steps:
Recognizing the Issue
Assess the business problem, define the goals of the organization, and develop solution strategy to make money.
Gathering Information
Get the relevant information from various sources and other data that you deem fit to gather.
Data Cleaning
Before the start of the data analysis, clean it; get rid of all the variables that are unnecessary, replicates, or have gaps.
Investigating and Examining Data
To extract data use data mining techniques, predictive models, tools for data visualization and tools for business intelligence.
Interpreting the Outcomes
Use statistical tools and algorithms to draw conclusion and make inference out of the gathered data to find that the data is hiding and forecast future trend from the data.
