The 21st century is the century of information. We are living in the age of information, which means that almost every aspect of our daily life is generating data. Not only this, but business operations, government operations, and social posts are also generating huge data. This data is accumulating day by day due to data being continually generated from business, government, scientific, engineering, health, social, climate, and environmental activities. In all these domains of decision-making, we need a systematic, generalized, effective, and flexible system for the analytical and scientific process so that we can gain insights into the data that is being generated.
In today's smart world, data analysis offers an effective decision-making process for business and government operations. Data analysis is the activity of inspecting, pre-processing, exploring, describing, and visualizing the given dataset. The main objective of the data analysis process is to discover the required information for decision-making. Data analysis offers multiple approaches, tools, and techniques, all of which can be applied to diverse domains such as business, social science, and fundamental science.
Let's look at some of the core fundamental data analysis libraries of the Python ecosystem:
- NumPy: This is a short form of numerical Python. It is the most powerful scientific library available in Python for handling multidimensional arrays, matrices, and methods in order to compute mathematics efficiently.
- SciPy: This is also a powerful scientific computing library for performing scientific, mathematical, and engineering operations.
- Pandas: This is a data exploration and manipulation library that offers tabular data structures such as DataFrames and various methods for data analysis and manipulation.
- Scikit-learn: This stands for "Scientific Toolkit for Machine learning". It is a machine learning library that offers a variety of supervised and unsupervised algorithms, such as regression, classification, dimensionality reduction, cluster analysis, and anomaly detection.
- Matplotlib: This is a core data visualization library and is the base library for all other visualization libraries in Python. It offers 2D and 3D plots, graphs, charts, and figures for data exploration. It runs on top of NumPy and SciPy.
- Seaborn: This is based on Matplotlib and offers easy to draw, high-level, interactive, and more organized plots.
- Plotly: Plotly is a data visualization library. It offers high quality and interactive graphs, such as scatter charts, line charts, bar charts, histograms, boxplots, heatmaps, and subplots.
Installation instructions for the required libraries and software will be provided throughout this book when they're needed. In the meantime, let's discuss various data analysis processes, such as the standard process, KDD, SEMMA, and CRISP-DM.
