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Top 3 Techniques Used to Uncover Actionable Patterns and Trends
Data Analysis   Data Science   Latest   Machine Learning

Top 3 Techniques Used to Uncover Actionable Patterns and Trends

Last Updated on October 19, 2024 by Editorial Team

Author(s): Richard Warepam

Originally published on Towards AI.

How to Recognize Significant Insights from Summarized Data

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Enough with unboxing your Amazon orders, let’s unbox your data now!

So you’ve got your summarized data sitting in front of you, and now you’re wondering, β€œWhat’s the good stuff here?”

Don’t worry β€” I’m here to help you become a β€œpro” at spotting those action-packed insights that can make a real difference.

Β· Why Finding Insights Matters?Β· The Art of Insight Mining: The Procedure ∘ Technique 1: The β€œWhat Catches Your Eye” Approach ∘ Technique 2: The β€œCompare and Contrast” Method ∘ Technique 3: The β€œSo What?” TestΒ· How You Should Analyze Your Data To Get Better Insights ∘ Step 1: Get the Big Picture ∘ Step 2: Dig Deeper with the β€œFive Whys” ∘ Step 3: Look for ConnectionsΒ· Some Common Pitfalls to Avoid ∘ 1. The β€œCorrelation = Causation” Trap ∘ 2. Confirmation Bias ∘ 3. Ignoring ContextΒ· How to Make it a HabitΒ· Wrapping Up

Before we jump into the β€œhow,” let’s talk about why this is so important.

Because great insights are those valuable discoveries that can help you or your organization make better decisions.

Whether you’re analyzing sales patterns, social media engagement, or… Read the full blog for free on Medium.

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