Importance and interpretation of data in life and business

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Importance and interpretation of data in life and business

  1. 1. IMPORTANCE & INTERPRETATION OF DATA by Ashvin Savani
  2. 2. God we trust Everything else gives Data
  3. 3. We all generate and use the Data but we don’t realise it!
  4. 4. Data - Raw information in numbers or text 342.05 342.16 342.28 345.34 346.89 347.00
  5. 5. Information - Meaningful version of Data 342.05 ft 342.16 ft 342.28 ft 345.34 ft 346.89 ft 347.00 ft Water Level at Ukai Dam
  6. 6. Knowledge - Contextual Information 345 343.75 342.5 341.25 340 Mon Tue Wed Thu Water Level at Ukai Dam Fri Sat
  7. 7. Wisdom - Application of Knowledge Flood gates should be opened when water level reaches to 345 ft When there is high inflow, water level may vary more than 2 ft in single day
  8. 8. Data Analysis - It’s an art used by smart people 1 Chanakya 2 Sardar Patel 3 TATAs & Ambani’s 4 Scientists 5 We also can :)
  9. 9. Data Analysis Systems 1 Informative - Sahdeva 2 Responsive - Krishna
  10. 10. Data in Life 1 Quality time 2 Healthy life 3 Life goals 4 Depression patients
  11. 11. Data in Business 1 Customers 2 Competition 3 Team 4 Growth
  12. 12. How to be Data Driven 1 Define Goal 2 Choose how to measure the progress? 3 Track the data frequently 4 Visualise the data 5 Data driven decisions
  13. 13. Data Scientists
  14. 14. Data usage in Life
  15. 15. Data usage in Business 50 37.5 25 12.5 0 Mon Tue Wed Thu Fri Sat Sun
  16. 16. Thank You Ashvin Savani Director at Avinashi Ventures ashvin@avinashi.com 98250 56565
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