Your Personal Guide to Parsing Large Datasets

"I've been given a large dataset in the format of File Type and it's my first time dealing with this kind of data. The dataset includes Data Fields . I need to extract and organize this data for further analysis. Could you provide me with a step-by-step guide on how to parse this data effectively, including any necessary code snippets in Programming Language , potential pitfalls I should look out for, and best practices when parsing this type of data?"