DA-100 Analyzing Data with Microsoft Power BI Test Bank>…
4 views 0 purchase
Course
DA-100
Institution
DA-100
DA-100 Analyzing Data with Microsoft Power BI Test Bank>…DA-100 Analyzing Data with Microsoft Power BI Test Bank>…DA-100 Analyzing Data with Microsoft Power BI Test Bank>…
DA-100 Analyzing Data with Microsoft Power BI Test
Bank>…
In the learning path "Get started with Microsoft data analytics," what do you learn
about?
the life and journey of a data analyst:
skills
tasks
processes
...they go through in order to tell a story with data so trusted business decision can be
made
- how the suite of Power BI tools and services are used by a data analyst to tell a
compelling story through reports and dashboards, and the need for true BI in the
enterprise
What types of data that are being generated each day in an organization?
- transactional data in a traditional database
- telemetry data from services that you use
- signals that you get from different areas like social media
Brainpower
Read More
Describe that data the a retail business collects and stores.
in-store browsing behavior
sales
purchases
pages visited on their site
the aisles in which purchases were made
spending habits
...and much more
Retail analytics focuses on providing insights related to sales, inventory, customers, and
other important aspects crucial for merchants' decision-making process.
The discipline encompasses several granular fields to create a broad picture of a retail
business' health, and sales alongside overall areas for improvement and reinforcement.
Essentially, retail analytics is used to help make better choices, run businesses more
efficiently, and deliver improved customer service.
The field of retail analysis goes beyond superficial data analysis, using techniques like
, 1
data mining and data discovery to sanitize datasets to produce actionable BI insights
that can be applied in the short-term.
Moreover, companies use these analytics to create better snapshots of their target
demographics. By harnessing sales data analysis, retailers can identify their ideal
customers according to diverse categories such as:
- age
- preferences
- buying patterns
- location
- and more
What is the challenge that organizations have today regarding their data and
information?
understanding and using their data to positively effect change within the business.
We have an expert-written solution to this problem!
A retail business should be able to use their data in such a way that impacts the
business, including what?
- tracking inventory
- identifying customer purchase habits
- detecting user trends and patterns
- recommending purchases
- determining price optimizations
- identifying and stopping fraud
- identifying daily/monthly sales patterns
- performing trend analysis
- performing period over period analysis
What is the key to unlocking business data?
being able to tell a story with it
What does crafting reports that tell a story do?
It helps business leaders take action on the data.
Business decision makers depend on what to drive better business decisions?
an accurate story
What is the benefit to a business of making fast, precise decisions?
The business will be more competitive, with a better advantage
What do businesses need to be able to do with their data?
act on the data to effect change within the business
What types of change might occur when acting on the data?
- reallocating resources within the business to accommodate a need
- identifying a failing campaign and knowing when to change course
- adjusting...prices, inventory, purchasing, assortment
What comes first in using data to drive business decisions?
business leaders partnering with data professional within your organization, such as
data engineers and data scientists
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller newsolutions. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
