Data Analytics Value

Making Data Analytics Work for you instead of the Other Way Around

The article Making Data Analytics work for you instead of the Other Way Around is very insightful in offering advice on how to get value for analytics investment. The article basically suggests that analytics investments have value which goes beyond hiring new or experienced talent. Writers who offer statistics assignment help at Edudorm essay writing service notes that according to the authors, there are various ways of making value out data. the first insight involves asking appropriate questions that will drill more information, breaking data into smallest components and having them conform to the needs of the business – thinking small and very big – and finding out the value in low-quality data (Mayhew, Saleh & Williams,2016).

The article further notes that though different sets of data may appear unrelated, they may result in new insights once the dot ate connected. To obtain the new insights, one should keep an open mind in order to find the usability of such differing sets of data. This involves embracing hat can be considered as taboo in data analytics, so that to avoid overlooking details that are left out due to mantras such as garbage-in-garbage-out (Mayhew, Saleh & Williams,2016). An important aspect in the analysis is making data output usable, in way that decision makers will get the information on how value can be added to their organizations.  Creating a multi-skilled team is depicted to be useful in deriving relevant value from various data sets.

The article offers great insights into how firms can pursue data that is worthwhile or digging value from data which may seem useless. Making the data analytics work for a business involves the executives’ realization that having data and analyzing is not the end goal but a way of finding value useful to the business in data sets.

Reference

Mayhew, H., Saleh, T., Williams, S. (2016). Making data analytics work for you—instead of the other way around.