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Questions and Answers
What is data analytics?
What is data analytics?
- The practice of using statistical and computational methods to extract meaning from data (correct)
- The practice of storing data in spreadsheets
- The practice of collecting vast amounts of data
- The practice of organizing data sets
What are the two main types of data?
What are the two main types of data?
- Public and private
- Historical and current
- Big and small
- Structured and unstructured (correct)
Why is data analytics becoming increasingly important for businesses?
Why is data analytics becoming increasingly important for businesses?
- To store data in spreadsheets
- To collect more data than their competitors
- To make better decisions, improve products and services, and gain a competitive advantage (correct)
- To organize data sets
