Till now we have studied what is data and sources of data. Now lets us dive into various types of data we would encounter in real-time:
1) Quantitative Data and Qualitative Data:
Data can be quantitative or qualitative based on the information provided.
Let us take a simple example to understand qualitative/quantitative data and answer some of the questions.
Consider a basket that has some apples.
Quantitative data for the same scenario will be:
Qualitative data for the same scenario will be:
Quantitative is something which you can measure, count, or weigh, but Qualitative is something that cannot measure, count, or weigh, you need to use your senses to identify it either through taste, touch, smell, hear or through observation, etc.
2) Discrete and Continuous Data:
Discrete data can take only certain values (only whole numbers).
Examples:
Continuous data can take any values within a certain range.
Examples:
3) Structured and Unstructured Data:
3.1 Structured Data
Any type of data that can be put in a tabular form having rows and columns is considered structured data. Such data can be accessed and stored in relational databases.
Such kind of data:
Examples:
3.2 Unstructured Data
These types of data are mostly qualitative data, and cannot be easily accessed or collected via conventional methods and tools.
Such kind of data:
Examples:
Note: In this rapidly expanding technological world, using data has become a necessity to run and grow any business. A simple saying is there “if you are not going to use data for our business in the future, you are sure to become a business of the past”
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