Pandas is defined as an open-source library that provides high-performance data manipulation in Python. The name of Pandas is derived from the word Panel Data, which means an Econometrics from Multidimensional data. It can be used for data analysis in Python and developed by Wes McKinney in 2008. It can perform five significant steps that are required for processing and analysis of data irrespective of the origin of the data, i.e., load, manipulate, prepare, model, and analyze.