Introduction to data analytics for business

What statement below best describes why we do data analytics in business?

ByAdmin

Here is the answer of the question: What statement below best describes why we do data analytics in business?

Refer to the following video for a refresher: video 1.

 

  • Analytics improve our understanding of how the business works
  • We must show a return on the investment we make in data & analytical resources
  • We need specific insights to make business decisions
  • We have to calculate & report financial results to owners / shareholders

 

The above question is related to “ “Introduction to Data Analytics for Business “. If you find the update in question or answers, do comment on this page and let us know. We will update the answers as soon as possible.

Similar Posts

Introduction to data analytics for business

Identify correct order of steps in the Information-Action Value Chain. Refer to the following videos for a refresher: videos 3 and 4.

ByAdmin

Here is the answer of the question: Identify correct order of steps in the Information-Action Value Chain. Refer to the following videos for a refresher: videos 3 and 4.  …

Introduction to data analytics for business

Why do we bring data together into a common location (select all that apply)? Refer to the following video for a refresher: video 3.

ByAdmin

Here is the answer of the question: Why do we bring data together into a common location (select all that apply)? Refer to the following video for a refresher: video…

Introduction to data analytics for business

Suppose your objective is to build a predictive model that can be used to recommend products to customers in real-time based on their navigation on your web site. Which of these technologies would be most critical in helping you achieve this objective?

ByAdmin

Here is the answer of the question: Suppose your objective is to build a predictive model that can be used to recommend products to customers in real-time based on their…

Introduction to data analytics for business

Select a source that best describes where the following data might come from: The average age of customers in Madison, Wisconsin

ByAdmin

Here is the answer of the question: Select a source that best describes where the following data might come from: The average age of customers in Madison, Wisconsin   Billing…