types of data best suited for driving a solution
Instructions
Identify the types of data best suited for driving a solution to your sponsors problem (i.e. BIG data, market research data, structured data, unstructured data, etc). Describe the ideal data set that you would like and provide your reasoning.
Answer
Types of Data Best Suited for Driving a SolutionData is raw information gathered in business operations. All business operations, both internally and externally, get captured by the use of data. However, raw data does not offer full information concerning activity, but it is the initial step in arriving at a vital business decision. Data helps in solving business challenges since there is confidential information. Analyses of data are crucial in aligning all strategies to the organization strategy, thus attaining the mission. In this report, details on types of data and how they contribute to driving a solution to the sponsor's problem are analyzed.Big data and business analytics are used in achieving transformation to the digital era. They build a sustainable business environment. Technol...
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