Data Science 7

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21 Terms

1

Analytics at Work

Not every company uses analytics competitively, but all can improve decision-making and results through data.

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2

Analytical Capabilities

Includes data, enterprise leadership, targets, analysts, technology, and advanced analytics.

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3

Analytical Culture

A culture that promotes curiosity, problem-solving, and evidence-based decision-making.

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4

CDAO

Chief Data and Analytics Officer, responsible for the enterprise's data strategy and capabilities.

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5

Desired Results of Analytics

Better decisions through systematic reviews and enhanced data usage.

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6

'Test and Learn' Emphasis

Encourages experimentation in areas lacking hard data.

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7

Embedding Analytics

Integrating analytics into organizational decision-making and processes.

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8

Importance of Audience Analysis

Tailoring presentations based on audience’s prior knowledge and sensitivity.

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9

Effective Decision Flow

A seamless transition from findings to conclusions and actions.

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10

Data-Driven Decision Making

The practice of making decisions based on data analysis and interpretation.

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11

Operational Decision-Making

Day-to-day decisions informed by analytics to improve outcomes.

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12

Analytical Maturity

The progression towards a more sophisticated approach to using analytics in organizations.

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13

Free Pass for Pushbacks

Encouraging challenges to decisions based on the lack of supporting data.

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14

Focus on Action After Analysis

Taking initiative based on insights gained from data analysis.

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15

Organizational Context

The environment in which analytics contribute to improved business processes.

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16

Systematic Review in Analytics

Regular assessment of analytical practices to ensure effectiveness.

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17

Decisions Based on Evidence

Making choices using verified facts and analysis rather than intuition.

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18

Information Presentation Sequence

Order in which findings and implications are presented during a presentation.

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19

Curiosity in Analytical Culture

Encouraging a mindset that seeks to explore and understand problems deeply.

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20

Integration of Analytics in Business

Ensuring that analytics influence corporate behaviors and customer expectations.

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21

Gartner's Description of CDAO

A senior executive responsible for data strategy, governance, and effective exploitation.

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