CRISP DM Data Life Cycle
CRISP-DM (Cross Industry Standard Process for Data Mining) is one of the most widely adopted frameworks for structuring a Data Science project. It breaks the work into six phases that are often revisited multiple times rather than followed once in a straight line.
1. Business Understanding
Defining the project objectives and requirements from a business perspective, and translating them into a data problem.
2. Data Understanding
Collecting initial data and exploring it to get familiar with quality issues, patterns, and interesting subsets.
3. Data Preparation
Cleaning, transforming, and structuring the raw data into a final dataset ready for modeling - this phase usually takes the most time.
4. Modeling
Selecting and applying appropriate modeling techniques, and tuning their parameters to achieve good results.
5. Evaluation
Assessing whether the model actually meets the business objectives defined in the first phase, not just whether it performs well statistically.
6. Deployment
Putting the finished model into a real-world environment where it can be used to support ongoing decisions.
Coming Up Next
Next, you'll look at the different types of data you'll encounter while working through this life cycle.