30 Questions
Which type of data includes sources that don't come in a standard form and may require more analysis?
Unstructured data
What is an example of structured data?
Production numbers
When analyzing data, which type of analysis looks for patterns that can lead to general assumptions?
Text analysis
Which type of data focuses on the numbers?
Quantitative data
What are some examples of internal data sources?
Surveys, production data, observations, and performance quotas
Why is it important to use both quantitative and qualitative data?
Quantitative data provides a complete story
Which of the following is NOT a potential benefit of using data to improve business services?
Predicting future market trends
What type of systems are both data drivers and data creators?
Intelligent systems
What is one essential aspect of creating reliable data sources?
Testing data extensively
Which type of analysis is based on groups and is useful for companies that rely on niche marketing?
Cohort analysis
What type of analysis looks at trends over time and helps understand how actions change based on market trends?
Time series analysis
What is the purpose of data analysis in a data strategy?
To turn raw data into a story
Which of the following is a responsibility of leaders in regards to data strategy and governance?
Implementing data governance policies
What is the role of leaders in driving data strategy?
Defining the limits of data governance
How can leaders align internal and external drivers using data strategy?
By analyzing market shifts
Which of the following best describes data literacy?
The knowledge of how data impacts day-to-day work
What is the benefit of a strong culture of data literacy in an organization?
Improved communication and alignment
What is the responsibility of a leader in relation to data?
To ensure transparency and effective use of data
Which role in the data team is responsible for building a system of data architecture?
Data engineers
What is one way to train employees in data literacy?
All of the above
What is the role of a Chief Data Officer (CDO) in the data team?
Set the data collecting and application strategy for the organization
Which team members may not be needed once the data architecture is put in place?
Data engineers
When might a part-time, outsourced data analysis team make more sense than a full-time team onsite?
When specific times require advanced analysis skills
What makes remote work more acceptable for data strategy teams?
Flexibility for team members
What did you learn about in the lessons on Managing Data Strategy?
How to lead a data strategy
Which of the following is NOT mentioned as a role involved in data strategy?
Data strategists
What is a potential advantage of using a part-time, outsourced data analysis team?
Cost savings
What is the main focus of the lessons on Managing Data Strategy?
Building data literacy
When might someone with advanced analysis skills be needed in data strategy?
Only during specific times
What knowledge do you gain from the lessons on Managing Data Strategy?
How to effectively run a data team
Test your data literacy skills and learn how to effectively tell the story behind the data. This quiz will cover creating presentations, understanding context, prioritizing data, and making data-based decisions. Sharpen your data analysis abilities and enhance your job performance.
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