A Beginner's Guide to Data & Analytics - Highlights
The 22-page free ebook " A Beginner's Guide to Data & Analytics " from Harvard Business School Online offers essential definitions and practical advice for those looking to learn more about the field. * Data science is the process of building, cleaning, and structuring datasets to analyze and extract meaning. * Data analytics refers to the process and practice of analyzing data to answer questions, extract insights, and identify trends * Types of Analytics: Descriptive analytics looks at data to examine, understand, and describe something that’s already happened. Diagnostic analytics goes deeper than descriptive analytics by seeking to understand the “why” behind what happened. Predictive analytics relies on historical data, past trends, and assumptions to answer questions about what will happen in the future. Prescriptive analytics identifies specific actions an individual or organization should take to reach future targets or goals * Data literacy is the ability to
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