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3. The information-Action Value Chain (Part 1)

Course video 6 of 29

Welcome to week 1! In this module we’ll learn how to think about analytical problems and examine the process by which data enables analysis & decision making. We’ll introduce a framework called the Information-Action Value chain which describes the path from events in the world to business action, and we’ll look at some of the source systems that are used to capture data. At the end of this course you will be able to: Explain the information lifecycle from events in the real world to business actions, and how to think about analytical problems in that context , Recognize the types of events and characteristics that are often used in business analytics, and explain how the data is captured by source systems and stored using both traditional and emergent technologies, Gain a high-level familiarity with relational databases and learn how to use a simple but powerful language called SQL to extract analytical data sets of interest, Appreciate the spectrum of roles involved in the data lifecycle, and gain exposure to the various ways that organizations structure analytical functions, Summarize some of the key ideas around data quality, data governance, and data privacy

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