Glossary of Data Science and Data Analytics

What is Embedded Analytics?

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It places analytics into a workflow or application at the point of need and allows users to take immediate action without having to leave the app to gain more information to make a decision. Integrated analytics can work the other way around, meaning businesses can put a workflow inside an analytics app to streamline their processes. An example of this is an analysis application that identifies the product from inventory trends and has a mechanism that allows a planner to set the rearrangement threshold within the analysis table for that product.

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Discover Glossary of Data Science and Data Analytics

What is Data Literacy?

Data literacy is the ability to read, evaluate, discuss and work with data/information. It can also be defined as a skill that enables everyone to ask the right questions, gather information, evaluate, and communicate effectively with others.

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What is SPSS and how is it used?

SPSS (Statistical Package for the Social Sciences) is a popular software program used for statistical data analysis.

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What is Behavioral Analytics?

Behavior analysis is a type of data analysis that tries to understand how and why people behave that way.

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Fibabanka - Data Governance Success Story

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