DATA

SCIENCE ASSIGNMENT

Submitted by-shailesh yadav

1. What is the difference between analytics and business analytics?

A data analyst’s fundamental job is to tell compelling stories with data that empower organizational
leaders to make better, more informed decisions.

Business analysts are responsible for using data to inform strategic business decisions.A business analyst
might also hold job titles such as operations research analyst, management analyst, or business data
analyst.

While data analysts and business analysts both work with data, the main difference lies in what they do
with it. Business analysts use data to help organizations make more effective business decisions. In
contrast, data analysts are more interested in gathering and analyzing data for the business to evaluate
and use to make decisions on their own.

“In the simplest terms, data is a means to the end for business analysts, while data is the end for data
analysts,” says Martin Schedlbauer, associate clinical professor and director of Northeastern University’s
information and data sciences programs.

2.What is the difference between business analytics and business intelligence?

Business analytics (BA) refers to the practice of using your company’s data to anticipate trends and
outcomes. BA includes data mining, statistical analysis, and predictive modeling that help make more
informed decisions. Data analytics is the technical process of mining data, cleaning data, transforming
data, and building the systems to manage data.

Business intelligence (BI) is the process of collecting, storing and analyzing data from business
operations. BI provides comprehensive business metrics, in near-real time, to support better decision
making. You can create performance benchmarks, spot market trends, increase compliance, and
improve almost every aspect of your business with better business intelligence.

Business intelligence focuses on descriptive analytics BI prioritizes descriptive analytics, which provides a
summary of historical and present data to show what has happened or what is currently happening.
Business analytics focuses on predictive analytics BA, however, prioritizes predictive analytics, which
uses data mining, modeling and machine learning to determine the likelihood of future outcomes. BA
answers the question “why” so it can make more educated predictions about what will happen.

3. Why are the steps in the business analytics process sequential?

There are three major component steps applied sequentially to a source of data. The outcome of the
business analytic process must relate to business and seek to improve business performance in some
way.

4. How is the business analytics process similar to the organization decision making process?

The BA process can solve problems and identify opportunities to improve business performance. In the
process, organizations may also determine strategies to guide operations and help achieve competitive
advantages. Typically, solving problems and identifying strategic opportunities to follow are organization
decision-making tasks. The latter, identifying opportunities, can be viewed as a problem of strategy
choice requiring a solution

5. Why does interval data have to be relationally proportional?

Interval data is quantitative data measured along a scale. By discussing its definition, characteristics etc.,
we will have a better understanding of where and how to use interval data In market research or any
other form of social, economic or educational research, researchers demand data types which support
most statistical tests and transformation. This demand is made to ease analysis and arrive at a correct
conclusion.