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Module 1 - Modern Data Ecosystem and The Role of Data Analytics

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Module 1 - Modern Data Ecosystem and The Role of Data Analytics

Copyright
© © All Rights Reserved
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A.

Modern Data Ecosystem

1. Modern Data Ecosystem Nov 17, 2024


INTRODUCTION: This material emphasizes the importance of understanding the modern data
ecosystem, which is characterized by diverse data sources and the need for effective data management
and analysis.
Data Sources and Acquisition
 Data is available in various forms, including structured and unstructured datasets from text,
images, videos, social media, IoT devices, and more.
 The first step in working with data is to pull it from original sources into a data repository,
ensuring reliability, security, and integrity.
Data Organization and Compliance
 Once data is acquired, it must be organized, cleaned, and optimized for access, conforming to
organizational standards and compliance regulations.
 Challenges at this stage include managing data repositories that provide high availability,
flexibility, and security.
Stakeholders and Technology Influence
 Business stakeholders, such as analysts and programmers, utilize the data for various
applications, requiring tailored interfaces and tools.
 Emerging technologies like cloud computing, machine learning, and big data are reshaping
the data ecosystem, enabling new insights and predictive modeling.
Remember, as you navigate through this course, take your time to absorb these concepts. Mastery
comes with practice and engagement, and I'm here to support you every step of the way! If you have
any questions or need further clarification, feel free to ask.

2. Key Players in the Data Ecosystem Nov 17, 2024


INTRODUCTION: This material emphasizes the importance of data in organizations and the various
roles within the data ecosystem that help transform raw data into actionable insights.
Roles in the Data Ecosystem
Data Engineers: They develop and maintain data architectures, making data accessible for analysis
by extracting, integrating, and organizing data from various sources.
Data Analysts: They translate complex data into understandable insights, identifying patterns and
correlations to help organizations make informed decisions.
Data Science and Business Analysis
 Data Scientists: They build predictive models using machine learning and deep learning,
analyzing data to forecast future trends and behaviors.
 Business Analysts and BI Analysts: They leverage insights from data analysts and data
scientists to recommend actions for business growth, focusing on internal and external market
influences.
Reinforcing Learning
 Understanding these roles is crucial for anyone looking to change careers into data analytics.
Each role requires a unique set of skills, and professionals often transition between roles by
enhancing their skill sets.

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