![]() Every sale, purchase, hire, communication, interaction- everything generates data. Some of this data is generated by your organization, some by your customers, and some by third parties you may or may not be aware of. Otherwise, the following steps can’t be initiated.ĭata generation occurs regardless of whether you’re aware of it, especially in our increasingly online world. In this way, the final step of the process feeds back into the first.įor the data life cycle to begin, data must first be generated. The data life cycle is often described as a cycle because the lessons learned and insights gleaned from one data project typically inform the next. This life cycle can be split into eight common stages, steps, or phases:īelow is a walkthrough of the processes that are typically involved in each of them.įree E-Book: A Beginner's Guide to Data & AnalyticsĪccess your free e-book today. Nearly all data projects, however, follow the same basic life cycle from start to finish. No two data projects are identical each brings its own challenges, opportunities, and potential solutions that impact its trajectory. This knowledge-paired with other data skills-is what many organizations look for when hiring. ![]() ![]() Whether you manage data initiatives, work with data professionals, or are employed by an organization that regularly conducts data projects, a firm understanding of what the average data project looks like can prove highly beneficial to your career. ![]()
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