Reflection;
Consider the following:
- 1. How is data analytics different from statistics?
- 2. What are the main differences between descriptive, predictive, and prescriptive analytics tools?
- 3. How do businesses use analytics to convert raw operational data into actionable information?
Reflect on the following in a minimum of 500 words.
Think about the organization you work for (or any other organization you are familiar with).
1. Does the organization use data analytics?
- 2. If so, how is it used? How can the organization improve the way it uses data analytics?
- 3. What opportunities is the organization missing out on?
- 4. If not, how could data analytics be used to improve the organizations performance?
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