Week 1 - Introduction Flashcards
What is data?
-before information
-raw data
What is analytics?
-finding patterns and insights that can help inform decision-making
How is data and analytics related to change?
using data from past to improve future
What is this unit all about
how data analytics can be used to influence decision-making, manage processes, projects, and people
3 major element of the course
-foundations and backdrop
-management and people
-ethics and ecologies
Why is this unit important?
decisions are important and are needed for almost everything
Why is analytics helpful
provides immense insight into organisations in my areas
What is the difference between business and data analytics?
they are the same thing, both about using data and analytics to create value
What does scope, time, and cost equal?
quality