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Summary - Introduction To Data Analytics by IBM

The document discusses the modern data ecosystem, which includes interconnected and evolving data from various sources and formats, as well as the enterprise data environment and end-users who consume data. It also describes emerging technologies that are reshaping the ecosystem and roles like data engineers and analysts that derive insights. Further, it outlines four types of data analysis - descriptive, diagnostic, predictive, and prescriptive - and explains the general data analysis process involves understanding the problem, setting metrics, analyzing data, and communicating results.

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86 views

Summary - Introduction To Data Analytics by IBM

The document discusses the modern data ecosystem, which includes interconnected and evolving data from various sources and formats, as well as the enterprise data environment and end-users who consume data. It also describes emerging technologies that are reshaping the ecosystem and roles like data engineers and analysts that derive insights. Further, it outlines four types of data analysis - descriptive, diagnostic, predictive, and prescriptive - and explains the general data analysis process involves understanding the problem, setting metrics, analyzing data, and communicating results.

Uploaded by

Cool Zee
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Summary and Highlights

In this lesson, you have learned the following information: 

A modern data ecosystem includes a network of interconnected and continually evolving entities that
include: 

 Data that is available in a host of different formats, structure, and sources.
 Enterprise Data Environment in which raw data is staged so it can be organized, cleaned,
and optimized for use by end-users.
 End-users such as business stakeholders, analysts, and programmers who consume data
for various purposes.

Emerging technologies such as Cloud Computing, Machine Learning, and Big Data, are continually
reshaping the data ecosystem and the possibilities it offers. Data Engineers, Data Analysts, Data
Scientists, Business Analysts, and Business Intelligence Analysts, all play a vital role in the
ecosystem for deriving insights and business results from data. 

Based on the goals and outcomes that need to be achieved, there are four primary types of Data
Analysis: 

 Descriptive Analytics, that helps decode “What happened.” 


 Diagnostic Analytics, that helps us understand “Why it happened.” 
 Predictive Analytics, that analyzes historical data and trends to suggest “What will happen
next.” 
 Prescriptive Analytics, that prescribes “What should be done next.” 

The Data Analysis process involves:

 Developing an understanding of the problem and the desired outcome. 


 Setting a clear metric for evaluating outcomes. 
 Gathering, cleaning, analyzing, and mining data to interpret results. 
 Communicating the findings in ways that impact decision-making. 

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