Cryptocurrency Q&A
What are the 5 W's of data?
What are the 5 W's of data?
HanbokElegance
Thu Sep 12 2024
|
7 answers
1913
Could you please elaborate on the concept of the "5 W's of data"? I'm curious to understand how these five elements are essential in understanding and analyzing data in the realm of cryptocurrency and finance. What specific questions do they help us ask about the data we collect, and how do they contribute to making informed decisions in this fast-paced and complex industry?
7 answers
Alessandro
Sat Sep 14 2024
In this blog, we delve into the 5Ws of analytics, a framework that helps us understand the essential elements of data analysis. By examining the who, what, when, where, and why (along with a glimpse into the how), we can gain a comprehensive understanding of the analytics landscape.
Was this helpful?
368
60
EclipseRider
Sat Sep 14 2024
The 'who' in analytics refers to the stakeholders involved in the process. It's essential to understand who will be using the data and what their specific needs and objectives are.
Was this helpful?
216
53
Nicola
Sat Sep 14 2024
The 'what' pertains to the specific data being analyzed. This includes identifying the relevant data sources, understanding their quality, and determining the appropriate metrics for analysis.
Was this helpful?
196
85
CryptoLodestar
Sat Sep 14 2024
The evolution of data analysis has been remarkable, shifting from traditional visual representations like bar charts and graphs to sophisticated digital tools. These advancements have revolutionized the way we comprehend and utilize data.
Was this helpful?
256
24
Alessandra
Sat Sep 14 2024
The 'when' aspect of analytics deals with the timing of data collection and analysis. It's crucial to ensure that data is collected and analyzed in a timely manner to inform decision-making processes.
Was this helpful?
189
88
Load 5 more related questions
