Data Analysis Flashcards
Types of Data Analysis
Descriptive, Diagnostic, Predictive, Prescriptive
Descriptive Analysis
What happened in the past
Diagnostic Analysis
Why did it happen
Predictive Analysis
What is most likely to happen
Prescriptive
What’s the best course of action
Market Analysis
Understanding the market landscape, demand, competitive positioning, customer needs
Technology Alignment
Ensure that a technology aligns with strategic goals and industry needs
Technology Characterization
Assess the technical details, functionality, performance of the technology to understand its capabilities and limitations
Commercial Readiness Assessments
Gauge a technology’s readiness for commercial application and its potential for market adoption using Technology Readiness Level (TRL) and Market Readiness Level (MRL)
SWOT stands for…
Strengths, Weaknesses (pain), Opportunities (market trends), Threats (risks)
The S in SWOT stands for…
Strengths
The W in SWOT stands for…
Weaknesses (pain)
The O in SWOT stands for…
Opportunities (market trends)
The T in SWOT stands for…
Threats
What is Quantitative Modeling and Simulation
Leverage data models and simulations to project technology performance or market demands
