Intro to Data Science Flashcards
Learn Data Science Into Terms
Business Intelligence (BI)
Tools and techniques for analyzing and understanding past data to make strategic decisions
Historical Data
Collected past data used for analysis
Dashboard
A user interface that visually summarizes the key data and metrics
Strategic Deciscions
Long-term planning choices
Tactical Decisions
Short term, specific actions
Artificial Intelligence (AI)
Enabling machines to perform tasks that typically require human intelligence
Machine Learning (ML)
A branch of artificial intelligence where computers learn from data to improve their performance on tasks
Data Analytics
The process of examining datasets to draw conclusions and find patterns using statistical techniques
Real-time Dashboards
Interactive tools that display data and metrics as they are updated in real-time
Third-party Data
Data collected by an external entity; Not your own company’s data
Predictive Analytics
The process of using data and statistical algorithms to predict future values or trends based on historical data
Algorithm
A set of rules or instructions designed to solve problems or perform tasks, often used in computing
Data Pattern
A recurring or recognizable element in a dataset, often indicating a trend or relationship
Client Retention
Business aiming to understand and predict customer purchasing behaviors to sell more products to existing clients
Client Acquistion
The process of gaining new clients or customers for a business, often through marketing and sales strategies
Fraud Prevention
Methods and systems used to detect and prevent fraudulent activities, such as unauthorized transactions
Speech Recognition
Technology that recognizes and interprets human speech, converting it into text or commands
Image Recognition
A computer technology that identifies objects, places, people, and other elements in digital images
Symbolic Reasoning
The process in artificial intelligence where symbols represent concepts or entities to make logical deductions
Advanced Analytics
Sophisticated data analysis techniques, often involving predictive models, machine learning, and big data
Data Collection
Gathering information systematically from various sources to analyze and make informed deciscions
Data Analysis
The process of inspecting, cleaning, and modeling data with the goal of discovering useful information
Forecasting
The use of historical data to predict future events or trends, often used in business, finance, and weather
predictions
Dataset
A collection of related sets of information, usually formatted in a table, used for analysis or processing