The choice of data structures and algorithms can have a significant impact on the speed and memory consumption of your Python code. For data analysis, you should use the most appropriate data structures and algorithms for your problem domain and data type. For example, you can use lists for sequential data, dictionaries for key-value pairs, sets for unique elements, and tuples for immutable data. You can also use numpy arrays and pandas dataframes for numerical and tabular data, as they offer faster and more convenient operations than native Python data structures. Additionally, you should use efficient algorithms that minimize the time and space complexity of your code, such as sorting, searching, filtering, and aggregating.