Warsaw, Poland

Data Science and Business Analytics

Master's
Table of contents
data-analysis-business-finance-concept-uds(1)

⇑Data Science and Business Analytics at UW

Language: EnglishStudies in English
Subject area: economy and administration
Kind of studies: full-time studies
University website: en.uw.edu.pl

⇑Test: Is Data Science and Business Analytics the right fit for you?

business-analysts-reviewing-a-sales-dashboard-at-a-meeting-table-test

10 questions · two minutes

1. Sales dropped last quarter and management asks you why. How do you start?

2. You need to present your analysis to a board with no technical background. What do you do?

3. The marketing team wants to know whether a new website design increases purchases. What do you suggest?

4. Your team includes analysts from different countries and business backgrounds, and everything is in English. How does that sound?

5. How do you feel about building forecasting models, for example for demand or cash flow?

6. A manager wants a dashboard with fifty indicators. How do you react?

7. Which skills would you most like to develop?

8. The data suggests a decision that your manager doesn’t like. What do you do?

9. Where can you see yourself after this degree?

10. What motivates you most to pursue a Master’s degree in Data Science and Business Analytics?

⇑Definitions and quotes

Analytics
Analytics is the discovery, interpretation, and communication of meaningful patterns in data. Especially valuable in areas rich with recorded information, analytics relies on the simultaneous application of statistics, computer programming and operations research to quantify performance.
Business
Business is the activity of making one's living or making money by producing or buying and selling goods or services. Simply put, it is "any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors." The term is also often used colloquially (but not by lawyers or public officials) to refer to a company, but this article will not deal with that sense of the word.
Business Analytics
Business analytics (BA) refers to the skills, technologies, practices for continuous iterative exploration and investigation of past business performance to gain insight and drive business planning. Business analytics focuses on developing new insights and understanding of business performance based on data and statistical methods. In contrast, business intelligence traditionally focuses on using a consistent set of metrics to both measure past performance and guide business planning, which is also based on data and statistical methods.
Data
Data ( DAY-tə, DAT-ə, DAH-tə) is a set of values of qualitative or quantitative variables.
Data Science
Data science is an interdisciplinary field of scientific methods, processes, algorithms and systems to extract knowledge or insights from data in various forms, either structured or unstructured, similar to data mining.
Science
Science (from Latin scientia, meaning "knowledge") is a systematic enterprise that builds and organizes knowledge in the form of testable explanations and predictions about the universe.
Business
All businesses operate below their true potential. That is unavoidable, given the fallibility of human beings.
Robert Heller, British management journalist and author. 'The Competitors', Chapter 10, The Decision makers (1989).
Science
We’ve arranged a global civilization in which most critical elements profoundly depend on science and technology. We have also arranged things so that almost no one understands science and technology. This is a prescription for disaster. We might get away with it for a while, but sooner or later this combustible mixture of ignorance and power is going to blow up in our faces.
Sir Ernest Rutherford from The Demon-Haunted World: Science as a Candle in the Dark (1996), 26.
Business
[A Jew] should make Torah his principal occupation and his work his casual one. He should minimize his business pursuits and occupy himself with Torah. And he should remove fleeting pleasures from his heart, and work each day enough to maintain himself. ... The rest of the day and night, he should occupy himself with Torah.
Rema, Shulchan Arukh, Yoreh De'a, 246:21, in "Separation from the Worldly (Perishut)"
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