Data Platforms Flashcards
What is Data-Driven Innovation?
Use of data and analytics to foster new products
What is Analytics?
A catch-all term for different business intelligence (BI) and application-related initiatives
What is Advanced Analytics?
(Semi-)Autonomous examination of data to discover deeper insights
What is Augmented Analytics?
Use of technologies such as machine learning and AI to assist with data preparation
What is a Data Platform?
A centralized infrastructure facilitating ingestion
What is the main challenge with raw data in a Data Platform?
Raw data is difficult to obtain
What is a Database?
A structured and persistent collection of information about some aspect of the real world
What is a Data Warehouse (DWH)?
A collection of data that supports decision-making processes
What is OLTP?
Online Transaction Processing
What is OLAP?
Online Analytical Processing
What is the difference between OLTP and OLAP?
OLTP involves constant transactions and short-term data retention
What is a Schemaless Database?
A type of database with no predefined schema
What is a Data Lake?
A central repository for storage
What are the differences between Data Warehouses and Data Lakes?
Data Warehouses are schema-on-write and curated
What is a Data Lakehouse?
A data management architecture combining the flexibility of data lakes with the management and ACID transactions of data warehouses