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A New Paradigm That Improves Reporting And Analytics

by Linda D. Yelverton

Data Analytics

A New Paradigm That Improves Reporting And Analytics

There are two principal tools that are fundamental to Data Analytics and that are not new but have gained popularity. One is network analysis, which is a technique for linking the diverse systems of data that are collected by a Data Analytics process and determining how they relate. The other is instrumental reporting. This report will show where the system is heading with regard to each analysis stage.

Analysis is the first step in most analytic techniques and a major part of those techniques are statistical analysis. Statisticians have to use complex mathematical procedures to collect data and then sort it into meaningful categories. They analyze the data to determine factors that influence its behavior, make connections among different factors, and analyze the factors in relation to each other. It is the process of isolating patterns from the generalities in the data that can be used to improve the analysis and reporting.

Network analysis is a very important step in analytic methodology because of the way in which networks of data are linked and connected together. In network analysis, the parts of the data system are analyzed in relation to each other, and then, methods are employed to combine the data into a network, or a graph, of what the companies or services are doing. Some examples of network analysis techniques include the following:

Network Design: There are several ways of designing a network of data. Network design is a form of infrastructure that integrates an analytical tool to connect data nodes together into a graph. These graphs are presented in various forms and structures that tell the story of what is happening within the network. Generally, network designers use two main techniques of network design. They use a hierarchical model of organization and depict data nodes and links in three dimensional spaces to create a 3-D graph.

Structural Network Design: This is the use of the design metaphor of hierarchy where the network is organized in the hierarchical tree form. The graph created is the root of the network that provides all the information about how the network is set up.

Structure modeling includes theories and models in order to draw various types of networks from the family of networks to a unique, single type of network. A type of network will be designed based on the following assumptions. The hypotheses in this phase may include the following:

– The network will respond to the changes in economic conditions. (The assumption of economic conditions is that the network will respond appropriately to changes in economic conditions)

– The network architecture is modeled on traditional geometrical principles. The network will have symmetrical structures. This is the assumption that one structure will match the other.

Many systems are inherently network-based, and others have evolved into specialized network analysis software. Network analysis is used as an analytical framework to map a network and then to identify which processes are the most important for the analysis.

In many cases, there are correlations in the analytic results because of the way the data are linked together. As such, a network is constructed so that each point has one data item connected to it in the network.

Another common problem with network analysis is that there are a lot of different layers that need to be examined. For example, a network includes two networks, a bottom layer and a top layer. This gives different combinations between the two networks that is used to analyze the network.

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