Podcast
Questions and Answers
Diagnostic analytics focuses more on ______ something happened.
Diagnostic analytics focuses more on ______ something happened.
why
Predictive analytics moves to what is likely going to happen in the ______ term.
Predictive analytics moves to what is likely going to happen in the ______ term.
near
Prescriptive analytics suggests a ______ of action.
Prescriptive analytics suggests a ______ of action.
course
Data analysts exist at the intersection of information technology, statistics and ______.
Data analysts exist at the intersection of information technology, statistics and ______.
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The primary goal of a data analyst is to increase efficiency and improve performance by discovering patterns in ______.
The primary goal of a data analyst is to increase efficiency and improve performance by discovering patterns in ______.
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The work of a data analyst involves working with data throughout the data analysis ______.
The work of a data analyst involves working with data throughout the data analysis ______.
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Having a central location for this data ensures that your whole customer service team, as well as the sales and marketing teams, are on the same ______.
Having a central location for this data ensures that your whole customer service team, as well as the sales and marketing teams, are on the same ______.
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Data analytics can help streamline processes and save ______.
Data analytics can help streamline processes and save ______.
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An improved understanding of what customers want means less time on creating ads and content that don’t match customer’s ______.
An improved understanding of what customers want means less time on creating ads and content that don’t match customer’s ______.
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Analytics can boost revenue through increased conversions, ad revenue, or ______.
Analytics can boost revenue through increased conversions, ad revenue, or ______.
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Data analytics is important in the banking and finance industries as it can provide critical information for crime prevention and ______ protection.
Data analytics is important in the banking and finance industries as it can provide critical information for crime prevention and ______ protection.
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Researchers are currently using machine learning to protect ______.
Researchers are currently using machine learning to protect ______.
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Data analytics is the science of analysing raw data in order to make conclusions about that ______
Data analytics is the science of analysing raw data in order to make conclusions about that ______
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The term data analytics also refers to the process of examining datasets to draw conclusions about the ______ they contain
The term data analytics also refers to the process of examining datasets to draw conclusions about the ______ they contain
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Data analytic techniques enable you to take raw data and uncover patterns to extract valuable insights from ______
Data analytic techniques enable you to take raw data and uncover patterns to extract valuable insights from ______
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Implementing data analytics into the business model means companies can help reduce costs by identifying more efficient ways of doing ______
Implementing data analytics into the business model means companies can help reduce costs by identifying more efficient ways of doing ______
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Companies can use the insights they gain from data analytics to inform their decisions, leading to better ______
Companies can use the insights they gain from data analytics to inform their decisions, leading to better ______
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A company can also use data analytics to make better business decisions and help analyze customer trends and satisfaction, which can lead to new—and ______—products and services
A company can also use data analytics to make better business decisions and help analyze customer trends and satisfaction, which can lead to new—and ______—products and services
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Data analytics eliminates much of the guesswork from planning marketing campaigns, choosing what content to create, developing products and more. It gives a much clearer view of what customers ______, which means better understanding, enabling companies to meet customer needs better.
Data analytics eliminates much of the guesswork from planning marketing campaigns, choosing what content to create, developing products and more. It gives a much clearer view of what customers ______, which means better understanding, enabling companies to meet customer needs better.
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With modern data analytics technology, companies can continuously collect and analyze new data to update their understanding as conditions ______.
With modern data analytics technology, companies can continuously collect and analyze new data to update their understanding as conditions ______.
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Data analytics provides more insights into their customers, allowing companies to tailor customer service to their ______, provide more personalization and build stronger relationships with them.
Data analytics provides more insights into their customers, allowing companies to tailor customer service to their ______, provide more personalization and build stronger relationships with them.
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Using Analytics tool, companies can gain insights into which audience segments are most likely to interact with a campaign and ______.
Using Analytics tool, companies can gain insights into which audience segments are most likely to interact with a campaign and ______.
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Data analytics also gives useful insights into how marketing campaigns are performing so that fine-tuning can be made for optimal ______.
Data analytics also gives useful insights into how marketing campaigns are performing so that fine-tuning can be made for optimal ______.
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This information can also be used to adjust targeting criteria either manually or through automation, or use it to develop different messaging and creative for different ______.
This information can also be used to adjust targeting criteria either manually or through automation, or use it to develop different messaging and creative for different ______.
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Study Notes
Types of Analytics
- Diagnostic analytics focuses on what happened.
- Predictive analytics focuses on what is likely to happen in the long term.
- Prescriptive analytics suggests a course of action.
Data Analyst Role
- Data analysts exist at the intersection of information technology, statistics, and business.
- The primary goal of a data analyst is to increase efficiency and improve performance by discovering patterns in data.
Data Analysis Process
- The work of a data analyst involves working with data throughout the data analysis process.
- Having a central location for data ensures that the whole customer service team, as well as the sales and marketing teams, are on the same page.
Benefits of Data Analytics
- Data analytics can help streamline processes and save time.
- An improved understanding of what customers want means less time on creating ads and content that don’t match customer needs.
- Analytics can boost revenue through increased conversions, ad revenue, or sales.
- Data analytics is important in the banking and finance industries as it can provide critical information for crime prevention and fraud protection.
Data Analytics Techniques
- Data analytics is the science of analyzing raw data to make conclusions about that data.
- Data analytic techniques enable you to take raw data and uncover patterns to extract valuable insights from it.
Applications of Data Analytics
- Implementing data analytics into the business model means companies can help reduce costs by identifying more efficient ways of doing business.
- Companies can use the insights they gain from data analytics to inform their decisions, leading to better outcomes.
- A company can also use data analytics to make better business decisions and help analyze customer trends and satisfaction, which can lead to new—and improved—products and services.
Data Analytics in Practice
- Data analytics eliminates much of the guesswork from planning marketing campaigns, choosing what content to create, developing products, and more.
- It gives a much clearer view of what customers want, which means better understanding, enabling companies to meet customer needs better.
- With modern data analytics technology, companies can continuously collect and analyze new data to update their understanding as conditions change.
- Data analytics provides more insights into their customers, allowing companies to tailor customer service to their needs, provide more personalization, and build stronger relationships with them.
- Using Analytics tool, companies can gain insights into which audience segments are most likely to interact with a campaign and respond.
- Data analytics also gives useful insights into how marketing campaigns are performing, so that fine-tuning can be made for optimal results.
- This information can also be used to adjust targeting criteria either manually or through automation, or use it to develop different messaging and creative for different segments.
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Description
Test your knowledge on the basics of data analytics, including what it is, its importance, benefits, applications, and types. Explore the fundamentals of analysing raw data to draw valuable conclusions.
