Investor Connect Podcast

Data Terms To Know

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

In working with data there are key terms used in the industry.

Here is a list of terms to know:

Data governance -- a set of rules and procedures for managing data for integrity, regulatory and security purposes.

Data warehouse -- a central repository for all the data.

Data mining -- process of extracting insights and identifying patterns in the data.

Machine learning -- the process of automatically learning and improving from experience.

Deep learning -- techniques for capturing large amounts of data and finding patterns in it. 

Diagnostic analytics -- explains why something happened.

Predictive analytics -- explains what is likely to happen.

Data visualization -- graphic representation of the data for communicating the insights of the data.

Data storytelling -- crafting a narrative to explain the insights found in the data and how it can be used.

Information design -- storing and presenting data in an understandable way.

Data literacy -- the ability to read and write data in context with reference to data sources and data analysis techniques.

Data culture -- the ability of a business to use data for informed decision making.

Know these data terms for use in your business.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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Direct download: 03.data_terms_to_know.mp3
Category:general -- posted at: 5:00am CDT

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