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Science, business and engineering advances have created an unprecedented explosion of information from all parts of life. To effectively collect and use this data for purposes such as market intelligence or scientific research is of critical importance; to meet this demand universities offer courses such as DATA2002 that aim to equip students with fundamentals of data analysis and business intelligence.
Students enrolled in this course not only learn basic statistical concepts, but they gain hands-on experience working with various data models and developing analytical and problem solving abilities, while strengthening programming abilities with statistical software languages. It also enables them to understand underlying assumptions of different models used and how best to apply them in real world scenarios.
Not all data are created equal, as some can be altered by human bias, technological constraints and system errors. To protect ourselves from this issue it is crucial that quality checks be conducted on any data source prior to use and to confirm they have been thoroughly researched and checked out before proceeding further.
One method for testing the quality of a dataset is conducting a data audit, which involves inspecting a sample set and comparing it against existing datasets. Although this can take time and may require consulting experts in your field for verification purposes.
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