There are a couple of standard processes for approaching data mining problems.
The most common approach is Cross Industry Standard Process for Data Mining (CRISP-DM).
Steps of CRISP-DM
- Business Understanding
- Data Understanding
- Data Preparation
The steps are mostly self-explanatory, but the CRISP-DM wikipedia page has a lengthier description.
The second most popular process for data mining is SEMMA.
Steps of SEMMA
More details can be found on the SEMMA wikipedia page.
A Data Science Process?
Other than The Data Scientific Method (which is not a standard), I am not aware of any other process for data science.
Do you know of any processes for data science? Is anyone aware of a group working on standardizing a data science process?
This is a good discussion thread. I actually developed a process for this as part of a course I created for EMC (education.emc.com or http://www.amazon.com/Data-Science-Big-Analytics-Instructor-Led/dp/B007X5FSHK/ ) . I did not give the process an acronym, but just call it the Data Analytic Lifecycle. I wrote a blog series about it here http://stevetodd.typepad.com/my_weblog/data-science-and-big-data-curriculum/ , along with my colleague Steve Todd.
This will explain the parts of the process and also give examples of each of the phases, as applied to measuring innovation at EMC. Regards, David Dietrich (@imdaviddietrich )
I will make sure I take a look at your Data Analytic Lifecycle.