Data analysis, as the name suggests, is processing and condensing of data into meaningful conclusions that help in decision making for practical purposes in the most efficient manner. There are numerous firms and companies along with governments that stress on the growing importance of data analysis in day to day business. The modeling of policies and its cost effective implementation for a specific objective or for a multiple of inter-related goals is essentially based on a quality data analysis. There are several techniques for analyzing a data both on the quantitative and qualitative platforms. There are basic and advanced level statistical software packages that help in rigorous processing of the numerical data. Moreover, there are software available for the purpose of doing a comprehensive qualitative analysis of the condensed data.