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6 Examples of Analytical Data

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Analytical data is a collection of data that is used to support decision making and/or research. It is historical data that is typically stored in a read-only database that is optimized for data analysis. Analytical data is often contrasted with operational data that is used to support current processes such as transactions. The following are illustrative examples of analytical data.

Market Data

Historical price and volume data for financial markets that can be used to backtest trading strategies.

Transactional Data

Historical transactions such as purchases. For example, an ecommerce firm might look for purchasing patterns to optimize marketing such as product suggestions.

Sensor Data

Data from sensors such as historical weather data that is used in a variety of research initiatives.

Natural Language

Natural language data such as social media posts that can be used for research and to support decision making in areas such as marketing.

Process Data

Data generated by processes such as inventory data generated by a logistics process. This is often used to look for optimizations such as a bottleneck that can be cleared.

Machine Data

Data generated by software and hardware. For example, operational data generated by solar panels that is used to produce daily efficiency reports for a utility company.

Notes

The term "historical" in the context of data analysis simply means that data isn't realtime or near-realtime. In other words, historical data might be just a few hours old.
Overview: Analytical Data
Type
Definition
Historical data that is used to support decision making and/or research.
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