Module 4 Flashcards
Analytics Strategy Roadmap
Delineates how an organization currently operates and envisions its future course.
Strategy
Addresses one year at a time.
Strategy
Aligns the organization’s business domain, resources, and activities with the market in which it operates.
Strategy
Strives to address immediate challenges while concurrently cultivating sustainable competitive advantages for the long term.
Strategy
T or F
it’s crucial for strategies to be
aligned with the organization’s mission and vision, ensuring a purpose-driven approach towards overarching
goals.
True
Key Roles in Analytics
- Data Steward
- Data Engineer
- Data Scientist
- Functional Analyst
- Analytics Manager
Common Roles
- Leadership Team
- Department Head
- IT Engineer
Use Case: Who decided to increase the market shares from 10% to 15%?
Leadership
Use Case: Who went to the
marketing team to ask how they would increase their market share as the organization goal requires them to increase the retail’s market share from 10% to 15%.
Department Head
Use Case: What did the Functional Analyst Suggest?
Looking into the sales records
and target their loyal
customers?
Use Case: What age group has more customers?
Millenials
Use Case: Factors that might influence the customers’ decision-making processes when
purchasing their products.
gender, age, location, and income
level
Use Case: How do Analytics Projects start?
It all starts with a
hypothesis.
Use Case: What did the Functional Analyst and Data Scientist do with the hypothesis?
They engaged in a detailed analysis,
dissecting the various components and intricacies of the hypothesis.
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