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Data analysis has multiple facets and approaches, encompassing diverse techniques under a variety of names, and is used in different business, science, and social science domains. [2] In today's business world, data analysis plays a role in making decisions more scientific and helping businesses operate more effectively. [3]
Chief analytics officer (CAO) is a job title for the senior manager responsible for the analysis of data within an organization, such as a listed company or an educational institution. The CAO often reports to the chief executive officer .
The business analyst role is an overlap of these two professions, and therefore the business analyst plays an essential role in communication and understanding between these two groups. [14] [15] Requirements elicitation - this refers to "analyzing and gathering the needs of both computer-based systems as well as the business". [14]
A data steward may share some responsibilities with a data custodian, such as the awareness, accessibility, release, appropriate use, security and management of data. [1] A data steward would also participate in the development and implementation of data assets.
Collecting data from numerous sources and analyzing it using different data analysis tools has its advantages, including overcoming the risk of method bias; using data from different sources and analyzing it using multiple analysis methods guarantees businesses and organizations robust and reliable findings they can use in decision making.
The chief data officer title shares its abbreviation with the chief digital officer, but the two are not the same job.The chief data officer has a significant measure of business responsibility for determining what kinds of information the enterprise will choose to capture, retain and exploit and for what purposes. [3]