In this episode of In-Ear Insights, the Trust Insights podcast, Katie and Chris dig into data analytics. What is data analytics? How is it different than, say, marketing analytics? What are the prerequisites for data analytics? Learn all this and much more in this episode.
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Christopher Penn 0:16
In this week’s In-Ear Insights, we’re talking about data analytics.
And data analytics is kind of a, a really big umbrella term that doesn’t have a super clear definition, particularly when you compare it to things like business analytics, marketing, analytics, and so on and so forth.
Fundamentally, data analytics is the discipline, or profession of data analysis, right? Just like marketing analytics is the profession of marketing analysis.
So Katie, when you think about data analytics, and analyzing data as a huge, broad, vague term, what springs to mind?
Katie Robbert 0:56
Well, you know, it’s interesting that you’re talking about the lack of a definition, because for the longest time, I thought, data analytics was a redundant thing.
It sounded to me like data and data or analytics and analytics.
And I think that that’s part of the confusion around what it is, but it’s the act of analyzing the data that you have, which, to be quite honest, is, to me, when I think of it, it does, the word data itself almost becomes irrelevant, because if you say business analytics, or marketing analytics, you need data in order to do the analysis, or else you’re analyzing literally nothing.
So you know, zero times zero is still zero.
And so that’s sort of where my head goes is the word data.
In some ways, it’s not that it’s misleading.
It’s just not descriptive enough, because it really does apply to anything.
Because at the core of it, like you need that data in order to do the analysis.
And so I feel like, call it whatever you want, you can’t get around the fact that if you have terrible, you know, processes for collecting data, or really bad governance, bad data quality, it doesn’t matter what you call it, it’s still going to be terrible.
Christopher Penn 2:19
It’s sort of second on the rung of a very short ladder, but you think that you have data engineering at the bottom, which is the storage and manipulation of data, how to run a database, how to store data properly, how to retrieve it, how to back it up the things you need to make the stuff work, then you have data analytics, which is the analysis of all that stuff that you store to get very generic.
And then on top of that, y