SECTION 1: Careers + Roles Flashcards
What is data analytics?
A coming together to solve a business problem through the creative use of data and statistical modeling to tell a compelling story that drives strategic action and results in business value.
What is data science?
A field of study that involves using computational and statistical techniques to extract insights and knowledge from data.
List some roles in data analytics.
- Data analyst
- Business intelligence analyst
- Decision scientist
- Machine learning engineer
- Data engineer
- Data scientist
Differentiate between data analytics and data science.
Data analytics focuses on interpreting and analyzing data to inform business decisions, while data science encompasses a broader range of activities, including data collection, cleaning, and predictive modeling.
What are key metrics in data analytics?
- Conversion rates
- Customer retention rates
What is descriptive analytics?
Focuses on summarizing and describing historical data to provide insights into past trends and patterns.
What does diagnostic analytics analyze?
Past data to identify the root causes of specific outcomes or events.
What is predictive analytics used for?
Forecasting future outcomes based on historical data.
What does prescriptive analytics recommend?
Actions that can be taken to optimize or improve a situation.
What is exploratory analytics?
Involves exploring and analyzing data to identify potential trends, patterns, and relationships.
Identify some job skills required in data analytics roles.
- Data analysis
- Statistical analysis
- Communication
- Data management
- Programming
True or False: Data analytics exists only in the IT sector.
False
What is the cyclical nature of analytics?
Analytics must adapt as data changes over time, requiring analyses to be rewritten.
What is the importance of stakeholder interaction in analytics?
Building trust and communicating effectively with stakeholders is critical for project success.
What is a data analyst’s primary responsibility?
To collect, analyze, and interpret datasets.
Fill in the blank: Analytics is synonymous with a call to _______.
[action]
What industries benefit from data analytics?
- Healthcare
- Finance
- Marketing
- Technology
What does a data engineer do?
Designs and maintains the architecture for data generation and processing.
What is the role of a decision scientist?
Uses data to inform and guide business decisions.
What factors contribute to the demand for data analytics professionals?
The increasing collection and analysis of vast amounts of data by businesses.
What is the goal of data analytics projects?
To uncover patterns and trends in data that inform business decisions and improve organizational performance.
What is a key characteristic of the data analytics field?
It requires both hard and soft skills to drive business value and effect change.
What is a business intelligence analyst responsible for?
Analyzing data to inform business strategies and decisions.
What is the significance of understanding business viability in analytics?
It ensures that data-derived insights can be effectively implemented to drive change.
What type of analytics can be used to optimize routes in transportation?
Prescriptive analytics.
What does the term ‘variables’ refer to in data analytics?
A container or storage location that holds a value, manipulated throughout the data analysis process.
What diverse skills are required for analytics projects?
Data analysis, statistical modeling, business understanding
Organizations rely on teams of data analytics professionals to manage and execute projects.
What are the primary responsibilities of a data analyst?
Collecting, analyzing, interpreting datasets, reporting, and visualizing data
Data analysts improve business decisions based on dataset interpretation.
Fill in the blank: A data analyst’s primary goal is to improve _______.
business decisions and outcomes
What is involved in data cleaning and preparation?
Correcting data errors, removing duplicates, reviewing accuracy
Known as data filtering, data integration, and data munging.
What do business intelligence analysts primarily use data for?
Helping businesses navigate daily decisions
What is one of the primary functions of a BI analyst?
Locating patterns or trends that correlate to potential areas of improvement
List two responsibilities of a BI analyst.
- Reporting
- Forecasting
What is a decision scientist focused on?
Developing decision models using mathematical and statistical models
What is the difference between a data analyst and a decision scientist?
Data analysts focus on analyzing data; decision scientists focus on optimizing decision-making processes
What is statistical analysis used for by a decision scientist?
Creating and applying mathematical models to optimize decision-making
What is machine learning?
A subset of AI that involves training computer algorithms to learn patterns in data
What is the role of a machine learning engineer?
Developing, designing, and deploying AI models
What is ETL in data engineering?
Extract, Transform, Load
What are data lakes designed to do?
Store large amounts of structured and unstructured data in its true format
What are the responsibilities of a data engineer?
Building and managing data pipelines, ensuring data accuracy and accessibility
What programming languages do data scientists typically use?
Python, R, SQL
What is A/B testing?
A method of comparing two versions of an application to determine which performs better
Fill in the blank: Key performance indicators (KPIs) are used to evaluate the performance of an organization against its _______.
objectives and goals
What is the role of stakeholders in data analytics projects?
Identifying goals necessary for effective decision-making and risk management
Who is responsible for ensuring a data analytics project aligns with strategic goals?
Project sponsor
What is a project manager’s role?
Overseeing day-to-day operations and coordinating with stakeholders
What is the role of the project sponsor?
The project sponsor is responsible for ensuring the project aligns with the company’s strategic goals and provides necessary support and resources.
The project sponsor is typically a high-level executive within the organization.
Who oversees the day-to-day operations of a project?
The project manager.
The project manager coordinates with stakeholders and ensures that the project stays on track.
What are the primary responsibilities of the financial operations team in a project?
The financial operations team manages the budget and finances of the project, ensuring it stays within budget and providing regular updates.
They also monitor and optimize the project’s financial resources.
What does a database administrator (DBA) do?
A DBA manages the data infrastructure, ensuring data is stored securely and efficiently.
Responsibilities include database installation, maintenance, security, backup, and performance optimization.
What is the role of researchers in a data analytics project?
Researchers interpret data results using statistical and computational techniques to identify patterns and trends.
They make recommendations to optimize the inventory management system.
Who are the partners in a project?
Partners are external stakeholders collaborating with the company, such as software vendors or consultants.
They provide specialized expertise or tools for data analysis.
What is the significance of end users in a project?
End users are the ultimate beneficiaries of the project and provide feedback for optimizing the inventory management system.
Their input is crucial for ensuring the product meets user needs.
Define stakeholders in the context of a project.
Stakeholders are individuals or groups that can affect or be affected by actions, decisions, or outcomes from the project.
They include project sponsors, managers, team members, and end users.
What is one responsibility of a project sponsor?
Defining the project’s business outcome.
This includes outlining goals, objectives, and expected benefits aligned with the organization’s strategy.
True or False: The project manager is responsible for resource management.
True.
The project manager allocates resources effectively to ensure the project is completed on time and within budget.
Fill in the blank: The _______ is responsible for creating and maintaining the project budget.
financial operations team.
They ensure the budget reflects the project’s needs and is realistic.
What is one key responsibility of a researcher?
Conducting literature reviews.
This helps identify relevant research to inform the project’s objectives.
What do partners contribute to a project?
Partners contribute expertise, resources, and collaborate to achieve project objectives.
Their involvement can significantly enhance the project’s success.
What role do end users play in testing a project?
End users test the project and provide feedback on usability and performance.
Their insights are crucial for driving the project forward.
What is data analytics?
Data analytics is the process of examining and interpreting data to derive insights and inform business decisions.
It involves using statistical and computational methods to identify patterns and trends.
List three careers related to data analytics.
- Data analyst
- BI analyst
- Data scientist
These roles involve collecting, analyzing data, and developing strategies for data presentation.
What is the importance of communication for a project manager?
Communication keeps stakeholders informed about the project’s progress, challenges, and successes.
Effective communication is essential for project success.
Fill in the blank: A _______ is responsible for ensuring the project meets quality standards.
project manager.
This includes ensuring deliverables meet the project’s requirements.
True or False: The financial operations team is not involved in risk management.
False.
They are responsible for identifying and managing financial risks associated with the project.
What is the role of a data scientist?
A data scientist uses statistical and computational methods to extract insights from complex datasets and develop predictive models.
What does a decision scientist do?
A decision scientist applies mathematical, statistical, and computational techniques to help organizations make better decisions.
What is the primary responsibility of a data engineer?
A data engineer designs and builds the systems that store, process, and manage copious amounts of data.
What is the function of a machine learning engineer?
A machine learning engineer builds and trains algorithms to help automate tasks and improve decision-making.
What is a project sponsor?
The project sponsor is typically a senior executive who approves the project budget and resources.
What are the main duties of a project manager?
The project manager oversees a project from start to finish, ensuring completion on time, within budget, and meeting objectives.
What does financial operations involve?
Financial operations refers to the activities and processes involved in managing an organization’s financial transactions, resources, and reporting.
What is the role of database administrators (DBAs)?
DBAs manage and maintain an organization’s database systems, ensuring data is securely stored and easily accessible.
What is the purpose of researchers in data analytics?
Researchers conduct systematic investigations to discover new knowledge or improve existing knowledge.
Who are considered partners in a data analytics project?
Partners are individuals, companies, or organizations collaborating to achieve common business goals.
What are end users in the context of data analytics?
End users are the people who will ultimately use the insights provided by the data analytics project to make decisions.
Fill in the blank: A __________ uses statistical and computational methods to extract insights from complex datasets.
[data scientist]
True or False: A decision scientist focuses solely on computational techniques without involving statistical methods.
False
Fill in the blank: The project manager is responsible for overseeing a project from start to finish, ensuring that the project is completed on ________.
[time, within budget, and meets the project’s objectives]
What activities are included in financial operations?
- Managing budgets
- Processing payments
- Managing financial records
- Ensuring compliance with financial regulations
