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Glossary / Lexicon

What is data sourcing?

08/15/2023 | By: FDS

Data acquisition refers to the process of collecting information or data from various sources. This process is critical in many fields, including science, research, business, technology, and more. Data can come from a variety of sources, such as surveys, measurements, observations, experiments, social media, public records, sensors, business data, and many others.

Data sourcing typically involves several steps:

Determine the goal: Clearly define what type of data you need and why. What questions do you want to answer? What hypotheses do you want to test?

Source selection: Identify the appropriate sources from which to obtain the data you need. These can be structured databases, unstructured text, images, audio, or other types of information.

Data collection: collect data according to your target specifications. This can be done through manual data entry, web scraping, sensors, surveys, or other methods.

Data cleaning: Review the collected data for errors, outliers, missing values, and inconsistent information. Clean the data to ensure it is suitable for analysis or application.

Data integration: If you are collecting data from multiple sources, it may need to be integrated in order to analyze or use it in a coherent form.

Data processing: this step involves transforming the raw data into a form suitable for analysis or applications. This may involve aggregation, transformation, normalization, or other methods.

Data analysis: perform analysis to extract patterns, trends, or insights from the collected data. This may include statistical analysis, machine learning, or other techniques.

Communicating results: usually prepare and present the findings or results obtained to make them available to other people or systems.

The quality of data acquisition and processing has a direct impact on the accuracy and reliability of the conclusions that can be drawn from the data collected. It is important to be careful and methodical in order to obtain meaningful results.

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