NMJ40203 Quiz 1 Set A

The process of examining, cleaning, transforming, and interpreting data to discover meaningful patterns and insights.

The graphical representation of data to communicate insights and findings effectively.

Processed and organized data that provides meaning and context.

Raw facts and figures without context or interpretation.

Business and Marketing

Healthcare

Finance and Banking

Construction

Structured Data

Quasi-Structured Data

Semi-Structured Data

Unstructured Data

A self-describing format (for example, an XML file)

A specific and consistent format (for example, a data table)

An inconsistent format (for example, text or video)

A somewhat inconsistent format (for example, a hyperlink)

Facebook posts

Images

Microsoft Excel

PDF

To investigate data to determine why certain events occurred or what factors influenced outcomes.

To analyze past data to understand what happened and why it happened.

To recommend actions or strategies based on predictive analytics to optimize decision-making.

To communicate insights and findings effectively through graphical representation.

Tableau

R

Python

SQL

Variety of data sources, formats, and structures

Speed of new data creation and growth

Complexity of data types and structures

Huge volume of data

Data Collection and Integration

Data Storage and Preprocessing

Centralized Data Repository - Enterprise Data Warehouse (EDW)

Tools Development for Data Interpretation

Competitive advantage by leveraging data for innovation and strategic planning.

Enhanced customer experience through personalized services and targeted marketing.

Improved operational efficiency and cost savings through optimized processes.

Enhanced decision-making based on data-driven insights and predictions.