Data Analytics Flashcards
What are the 6 data analysis steps
Ask: business challenge, objective, or question
Prepare: data generation, collection, storage, and data management
Process: data cleaning and data integrity
Analyze: data exploration, visualization, and analysis
Share: communicating and interpreting results
Act: putting insights to work to solve the problem
List 10 tasks for Data Governance
1- Data Ownership and Stewardship
2 - Data Quality Management
3 - Data Classification and Access Control
4 - Compliance and Regulatory Reporting
5 - Data Lifecycle Management
6 - Data Integration and Interoperability
7 - Risk Management
8 - Training and Awareness
9 - Technology and Tools
10- Continuous Improvement
Give me 2 responsibilities of Data Ownership and Stewardship
Assigning Data Owners and Stewards
Establishing Accountability
Give me 2 responsibilities of Data Quality Management
Data Validation Rules
Data Cleansing:
Give me 2 responsibilities of Data Classification and Access Control
Data Classification Framework
Access Control Policies
Give me 2 responsibilities of Data Compliance and Regulatory Reporting
Regulatory Compliance
Audit Trails
Give me 2 responsibilities of Data Lifecycle Management
Data Retention Policies
Data Archiving
Give me 2 responsibilities of Data Integration and Interoperability
Master Data Management (MDM): Creating a single, consistent source of key data entities, such as customer information, across all systems.
Data Lineage: Tracking the origins, movements, and transformations of data across the firm’s systems to ensure transparency and trust in data.
Give me 2 responsibilities of Data Risk Management
Risk Assessment: Regularly assessing data-related risks, such as unauthorized access, data breaches, or data corruption.
Incident Response Plan: Developing a plan for responding to data breaches or other governance failures, including communication strategies and steps for remediation.
