Week 1

In data analytics, what term describes a collection of elements that interact with one another?

A data ecosystem

What are the six steps of data analysis?

Ask: Business Challenge/Objective/Question Prepare: Data generation, collection, storage, and data management Process: Data cleaning/data integrity Analyze: Data exploration, visualization, and analysis Share: Communicating and interpreting results Act: Putting your insights to work to solve the problem

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

Data analysis

After completing their analysis, data analysts often share their results with subject-matter experts. These people offer additional insights into the business problem, identify any inconsistencies in the analysis, and validate the choices being made. True or False

True

What tactics can a data analyst use to effectively blend gut instinct with facts?

Use their knowledge of how their company works to better understand a business need. Apply their unique past experiences to their current work, while keeping in mind the story the data is telling.

Fill in the blank: The people very familiar with a business problem are called _____. They are an important part of data-driven decision-making.

subject-matter experts

A furniture manufacturer wants to find a more environmentally friendly way to make its products. A data analyst helps solve this problem by gathering relevant data, analyzing it, and using it to draw conclusions. The analyst then shares their analysis with subject-matter experts from the manufacturing team, who validate the findings. Finally, a plan is put into action. This scenario describes data science. True or False

False