Risk Tips Issue 4: Analytical Risk Methods #2 - Trends: Data Analytics
- Apr 25, 2017
- ERMA Academy, Navrisk Vision, Everest, Wikipedia Online encyclopedia
Analytical Risk Methods #2
Trends: Data Analytics
What is Data?
The first step in any form of analysis, be it trend or any rudimentary form of analysis, begins with an understanding, appreciation and management of data, as data is fundamental in any form of what can be defined as information, wisdom and knowledge. The usefulness of data stands as the bedrock of human existence, the very reason life transitions from complicated to less complicated or constant shifts from uncertainty to certainty is all forged on the historical records, accounts e.t.c all of which share the common fundamental, which is data. The very concept of faith and belief is not excluded from millennia of organized, cleaned and where necessary (as some history have proven) “adulterated” data