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Summary

Summary – Financial Data Analysis

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This document serves as a master overview of FDA topics, summarising concepts such as Big Data, Predictive Analysis, Data Mining, Machine Learning, and more. It contains a detailed comparison of the Data Analytics tools Power BI and Tableau, as well as current and future trends in data analytics

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Super Financial
Data
Review Analysis
Data
Analytics
Data the of data to make
analytics is science
analysing raw

conclusions about that information As humans deal
. can no
longer
of
with the sheer volume data
generated , we now
rely on data
analytics to help us
manage
data
.




Importance
Like business the better
many developments
in
,
objective is

decisions leading to better profit. Data
analytics can help a


business :


1.
optimize its performance
11 .
perform more
efficiently
III . maximize profit
Iv .
make more
strategically guided decisions

not limited to just
Data
Analytics uses are
merely businessess

aiming to maximize profits/minimise costs
.
Organisations where data
needed include the Central Bank of Ireland
analysts are and the
CSO .




Data Analytics .
vs Business
Analytics vs
. Data Science
Data Science tends to be at the forefront , producing new
ways
of
analysing data
. It is based on math ,
thus Data Scientists

usually come from a math background -




Data
Analytics is the
analysis and management of the data
,

using the different techniques available (ie visualization techniques
,
such as
graphs) .
Data
Analysts can be someone who has a math

background or a specilist in a software
.


Business Analytics is similar to Data but
Analytics ,
in a

business context. Business Analysts usually have
Business .
background
The three of them can act in Functions at times
each other's ,
however , the data deal with tends to be different context
they in


and complexity.
Business Analytics & Corporate Strategy
Investing in business intelligence and analytics Term used
and
using information as a
strategic resource can give interchangebly
relevant information and
management knowledge about with Data
which business processes to develop
strengthen and in
Analytics
relation to the
company's strategy and competitor's here
activities
strengths and .

Major Functions :
·
Data
Reporting ·
Data Activation

Analysis and Visualisation Data
Data
Integration
· ·



·
Data Collection and Management

,

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Uploaded on
January 24, 2024
Number of pages
10
Written in
2023/2024
Type
SUMMARY

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Ella\'s Notes

Final Year Accounting and Finance Student Academic IELTS Band 8.0

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