Search results
Results from the WOW.Com Content Network
Critical data studies is the exploration of and engagement with social, cultural, and ethical challenges that arise when working with big data. It is through various unique perspectives and taking a critical approach that this form of study can be practiced. [1]
Data science is multifaceted and can be described as a science, a research paradigm, a research method, a discipline, a workflow, and a profession. [ 4 ] Data science is "a concept to unify statistics , data analysis , informatics , and their related methods " to "understand and analyze actual phenomena " with data . [ 5 ]
Data science process flowchart from Doing Data Science, by Schutt & O'Neil (2013) Analysis refers to dividing a whole into its separate components for individual examination. [ 10 ] Data analysis is a process for obtaining raw data , and subsequently converting it into information useful for decision-making by users. [ 1 ]
Business and management research is a systematic inquiry that helps to solve business problems and contributes to management knowledge. It Is an applied research. Four factors (Easterby-Smith, 2008) combine to make business and management a distinctive focus for research : Transdiscipline approach
Analytics is the systematic computational analysis of data or statistics. [1] It is used for the discovery, interpretation, and communication of meaningful patterns in data, which also falls under and directly relates to the umbrella term, data science. [2] Analytics also entails applying data patterns toward effective decision-making.
Business analytics (BA) refers to the skills, technologies, and practices for iterative exploration and investigation of past business performance to gain insight and drive business planning. Business analytics focuses on developing new insights and understanding of business performance based on data and statistical methods .
According to Forrester Research, business intelligence is "a set of methodologies, processes, architectures, and technologies that transform raw data into meaningful and useful information used to enable more effective strategic, tactical, and operational insights and decision-making."
Studies indicate that customer transactions account for a 40% increase in the data collected annually, which means that financial data has a considerable impact on business decisions. Therefore, modern organizations are using big data analytics to identify 5 to 10 new data sources that can help them collect and analyze data for improved ...