Discover data analysis Flashcards
What is the main purpose of data analytics?
To extract meaningful insights from data, aiding decision-making and strategy formulation.
What does data analytics encompass?
The collection, transformation, and organization of data to draw conclusions, make predictions, and drive informed business decisions.
What are some common techniques used in data analytics?
Descriptive analytics, diagnostic analytics, predictive analytics, and prescriptive analytics.
What role does Microsoft play in data analytics?
Microsoft provides tools and platforms like Power BI, Azure, and Excel for effective data analytics processes.
What is data analysis?
The process of identifying, cleaning, transforming, and modeling data to discover meaningful information.
What are the core components of data analytics?
Descriptive, diagnostic, predictive, prescriptive, and cognitive analytics.
What does descriptive analytics help with?
Answering questions about what has happened based on historical data.
What is the purpose of diagnostic analytics?
To understand why events happened by investigating anomalies and relationships in data.
How does predictive analytics work?
By using historical data to identify trends and predict future events.
What is the focus of prescriptive analytics?
Determining the best actions to achieve desired outcomes based on data insights.
What does cognitive analytics involve?
Drawing inferences from data patterns and using self-learning feedback loops to improve predictions.
What is the role of a Data Analyst?
To interpret data and turn it into actionable insights, using various tools and techniques to analyze trends and patterns.
What is a Data Scientist responsible for?
Building advanced models and algorithms to predict future trends, requiring strong statistical, programming, and machine learning skills.
What do Data Engineers do?
They design, construct, and maintain data pipelines and architectures, ensuring data is accessible for analysis.
What is the focus of a Business Intelligence (BI) Developer?
Creating and managing BI solutions like dashboards and reports to support decision-making processes.