DA-100 Analyzing Data with Microsoft Power BI Test Bank>…
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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
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