Question

How does the implementation of an enterprise-wide Data and Analytics strategy help organizations?

Answer 1

Answer:

An enterprise analytics strategy helps organizations to identify the tools and techniques they need to deploy to work with these huge data sets and extract meaningful insights from them that can be used to inform business decisions. ... It needs to be able to change over time to meet evolving business needs

Answer 2

The implementation of an enterprise-wide Data and Analytics strategy help organizations in the following -

• Data and analytics (D&A) is the management of data to support all uses of data, as well as the analysis of data to drive better decisions, business processes, and outcomes, such as identifying new business risks, challenges, and opportunities. The use of data, analysis, and exploratory and predictive modeling to drive company plans and activities is referred to as enterprise analytics.

• An enterprise analytics strategy aids businesses in understanding which tools and methodologies they'll need to work with these massive data volumes and extract useful insights for business decisions. It must be adaptable over time to satisfy changing business requirements.

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