Data Analytics Module 1
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
Gap analysis
A method for examining and evaluating the current state of a process in order to identify opportunities for improvement in the future
gap analysis
A method for examining and evaluating the current state of a process in order to identify opportunities for improvement in the future
5 why's
A technique in which you repeatedly ask the question "Why?" to help peel away the layers of symptoms that can lead to the root cause of a problem
data-driven decision making
Using facts to guide business strategy
data design
is an extension of your technical mindset. It deals with how information is organized
visualization
the graphical representation of information
Data strategy
the management of the people, processes, and tools used in data analysis
5 aspects of analytical thinking
visualization, strategy, problem-orientation, correlation, big-picture and detail-oriented thinking
Data analyst
Someone who collects, transforms, and organizes data in order to draw conclusions, make predictions, and drive informed decision-making
Technical mindset
The ability to break things down into smaller steps or pieces and work with them in an orderly and logical way
Understanding context
The analytical skill that has to do with how you group things into categories
technical mindset
The analytical skill that involves breaking processes down into smaller steps and working with them in an orderly, logical way
Data analysis
The collection, transformation, and organization of data in order to draw conclusions, make predictions, and drive informed decision-making
context
The condition in which something exists or happens
Data visualization
The graphical representation of data
Analytical thinking
The process of identifying and defining a problem, then solving it by using data in an organized, step-by-step manner
Analytical skills
The qualities and characteristics associated with solving problems using facts
root cause
The reason why a problem occurs
Data ecosystem
The various elements that interact with one another in order to produce, manage, store, organize, analyze, and share data