Week 1 Data Analytics

Data

A collection of facts

Dataset

A collection of data that can be manipulated or analyzed as one unit.

Data Science

A field of study that uses raw data to create new ways of modeling and understanding the unknown.

Data Analyst

Someone who collects, transforms, and organizes data in order to drive informed decision making.

Predictive Analytics

Taking information and using it to forecast future outcomes.

Prescriptive Analytics

Testing and other techniques are employed to determine which outcome will yield the best results in a given scenario.

Data Analysis

The collection, transformation, and organization of data in order to draw conclusions, make predictions, and drive informed decision-making.

Descriptive Analytics

The interpretation of historical data to identify trends and patterns.

Data Driven Decision Making

The process of using facts to guide business strategy.

Data analytics

The science of data

Business Analytics

The use of math and statistics to derive meaning from data in order to make better business decisions.

Data Ecosystem

The various elements that interact with one another in order to produce, manage, store, organize, analyze, and share data.