3. Analyse the Data
Data scientists must be thorough with the data they are working on to develop insights into its significance and usefulness. Examining the type and distribution of data in each variable, the relationships between them, and how they differ from the predicted or expected result are all examples of data exploration. This stage can reveal issues like collinearity, or variables that move in tandem, or instances where data set standardization and other transformations are required. It can provide chances to enhance model performance, such as bringing down a data set's dimensionality. Data must be explored using summary statistics and visualization tools like Tableau, Microsoft Power BI, D3.js, and Python libraries like Matplotlib, Bokeh, and the HoloViz stack.