Descriptive Analytics I: Nature of Data, Statistical Modeling, and Visualisation - The Nature of Data
5 important questions on Descriptive Analytics I: Nature of Data, Statistical Modeling, and Visualisation - The Nature of Data
How do you describe the importance of data in analytics? Can we think of analytics without data?
Considering the new and broad definition of business analytics, what are the main inputs and outputs of the analytics continuum?
Where does the data for business analytics come from?
In your opinion, what are the top 3 data-related challenges for better analytics?
- relevant data - data has to match
- quality requirements
- quantity requirements
What are the most common metrics that make for analytics-ready data?
- data source reliability
- data content accuracy
- data acessibility
- data security and data privacy
- data richness
- data consistency
- data currency/data timeliness
- data granularity
- data validity
- data relevancy
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