When we are trying to get insights from the data, one of the first steps to take is summarizing this collection of raw numbers into one number that represents the majority. The way to do this is by getting the mean, the medium, and the mode of the data.
This is a great certificate on all levels. I really like the idea of how much the courses try to emphasize the career of the data analyst and make the students “job ready”. It is not only teaching the fundamental concepts but giving an idea of the career path and getting people with this certificate the tools to ace the job interview.
A user story is a feature request (or need) expressed from the point of view of a user with a description of the value it provides to that user.
Having dedicated and capacitated personnel for social media accounts and investing in software that allows companies to communicate and gather feedback from current and potential customers helps the bottom line.
Information systems need a strategy that helps the organization gain a competitive advantage, reduce costs, or help with productivity
The product vision needs to be created by the entire team because even though the product owner will be the person reminding the team about the vision and goals of the project, everybody needs to contribute and own the product vision.
The break-even analysis is used to find the number of products your company needs to produce to cover all the expenses before it makes a profit.
With little knowledge of statistics or data visualization people would notice that the Y-axis should start at zero because it could have a false visual comparison of the data
Web design agencies need to rethink their customers and evolve so they can survive. As mentioned previously, it needs to avoid the myopia of thinking in terms of web design but in terms of satisfying the customers. Studying what the potential customers want and how to satisfy their needs.
One of the biggest advantages of having a CIO is that this position is about researching and analyzing new trends that could benefit the organization.
The SWOT framework helps to facilitate the discussion with stakeholders on what the business should put attention to, and what opportunities could be taken into consideration that will drive business growth.
Time to market is essential and projects usually have budget constraints which means that they cannot be developed for a long period of time without producing value to the customers or the company. Therefore, it is necessary to pick what must be created first.