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The process of evaluating data using analytical and logical reasoning to examine each component of the data provided is called data analysis or statistics.

This form of analysis is just one of the many steps that must be completed when conducting a research experiment. Data from various sources is gathered, reviewed, and then analyzed to form some sort of finding or conclusion. There are a variety of specific data analysis method, some of which include data mining, text analytics, business intelligence, and data visualizations.
(Source: http://www.businessdictionary.com/definition/data-analysis.html)

As you know, we are gathering more and more data each new year. As our society develops, more data is stored and more it needs interpretation.

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