Data Analytics Flashcards
Module 1
What are analytical skills?
Qualities and characteristics associated with using facts to solve problems
Analytical skills are essential for effective problem-solving in various fields.
Define analytical thinking.
The process of identifying and defining a problem, then solving it by using data in an organized, step-by-step manner
Analytical thinking is crucial for effective decision-making.
What is context?
The condition in which something exists or happens
Understanding context is important for interpreting data correctly.
What is data?
A collection of facts
Data can come in various forms, including numbers, text, and images.
Define data analysis.
The collection, transformation, and organization of data in order to draw conclusions, make predictions, and drive informed decision-making
Data analysis is a key component in research and business intelligence.
What does a data analyst do?
Someone who collects, transforms, and organizes data in order to draw conclusions, make predictions, and drive informed decision-making
Data analysts play a vital role in interpreting data for organizations.
What is data analytics?
The science of data
Data analytics encompasses various methods and tools to analyze data.
Define data design.
How information is organized
Proper data design is essential for effective data management.
What is data-driven decision-making?
Using facts to guide business strategy
Data-driven decision-making enhances the effectiveness of strategic planning.
What is a data ecosystem?
The various elements that interact with one another in order to produce, manage, store, organize, analyze, and share data
A robust data ecosystem is crucial for effective data management.
Define data science.
A field of study that uses raw data to create new ways of modeling and understanding the unknown
Data science combines statistics, computer science, and domain expertise.
What is data strategy?
The management of the people, processes, and tools used in data analysis
A well-defined data strategy is critical for leveraging data effectively.
Define data visualization.
The graphical representation of data
Data visualization helps in understanding complex data sets through visual means.
What is a dataset?
A collection of data that can be manipulated or analyzed as one unit
Datasets are fundamental in data analysis processes.
What is 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 helps organizations identify areas for growth.
What is a root cause?
The reason why a problem occurs
Identifying the root cause is essential for effective problem-solving.
Define technical mindset.
The ability to break things down into smaller steps or pieces and work with them in an orderly and logical way
A technical mindset is valuable in analytical tasks.
What is visualization in the context of data?
(Refer to data visualization)
Visualization is a key technique in data analysis to communicate findings.
