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Produce
Manage
Store
Organize
Analyze
Share
Procedures of the Data Ecosystem
Hardware and Software Tools
People who use them
Elements of the Data Ecosystem
Curiosity
Understanding Context
Technical Mindset
Data Design
Data Strategy
Analytical Skills (5)
Curiosity
All about wanting to learn something. Curious people usually seek out new challenges and experiences. This leads to knowledge.
Context
The condition in which something exists or happens. This can be a structure or an environment.
Technical mindset
The ability to break things down into smaller steps or pieces and work with them in an orderly and logical way.
Data design
How you organize information
Data strategy
The management of the people, processes, and tools used in data analysis
Visualization
Strategy
Problem orientation
Correlation
Big Picture and Detail Oriented Thinking
Key Aspects of Analytical Thinking (5)
Strategy
Helps data analysts see what they want to achieve with the data and how they can get there and also helps improve the quality and usefulness of the data we collect
Problem oriented
Used in order to identify, describe, and solve problems. It's all about keeping the problem top of mind throughout the entire project.
Detail-oriented thinking
All about figuring out all of the aspects that will help you execute a plan. In other words, the pieces that make up your puzzle
ask "why" five times to reveal the root cause. The fifth and final answer should give you some useful and sometimes surprising insights.
The Five Whys
Plan
Capture
Manage
Analyze
Archive
Destroy
The data life cycle (6)
Planning
This actually happens well before starting an analysis project. A business decides what kind of data it needs, how it will be managed throughout its life cycle, who will be responsible for it, and the optimal outcomes
Capture
One common method is getting data from outside resources. Another way to get data is from a company's own documents and files, which are usually stored inside a database.
Manage
Here we're talking about how we care for our data, how and where it's stored, the tools used to keep it safe and secure, and the actions taken to make sure that it's maintained properly.
Analyze
In this phase, the data is used to solve problems, make great decisions, and support business goals.
Archive
Storing data in a place where it's still available, but may not be used again.
Destroy
This is important for protecting a company's private information, as well as private data about its customers.
Six Phases of Data Analysis
Ask
Prepare
Process
Analyze
Share
Act
Ask
In this phase, we do two things. We define the problem to be solved and we make sure that we fully understand stakeholder expectations.
Prepare
This is where data analysts collect and store data they'll use for the upcoming analysis process. It is about: (1) the different types of data and how to identify which kinds of data are most useful for solving a particular problem and (2) why it's so important that your data and results are objective and unbiased
Process
Data analysts find and eliminate any errors and inaccuracies that can get in the way of results. This usually means cleaning data, transforming it into a more useful format, combining two or more datasets to make information more complete and removing outliers, which are any data points that could skew the information. This phase is all about getting the details right. you'll gain strategies for verifying and sharing your data cleansing with stakeholders.
Analyze
Involves using tools to transform and organize that information so that you can draw useful conclusions, make predictions, and drive informed decision-making
Share
How data analysts interpret results and share them with others to help stakeholders make effective data-driven decisions.
Act
The business takes all of the insights you, the data analyst, have provided and puts them to work in order to solve the original business problem and will be acting on what you've learned throughout this program.
Issue
A topic or subject to investigate
Question
Designed to discover information
Problem
An obstacle or complication that needs to be worked out
Business Task
The question or problem data analysis answers for business