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.