Question

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

Answer 1

Answer:

By housing data in one place and converting it into easily consumable information at high speed

Explanation:

Answer 2

Answer:

In order to engage with these enormous data sets and get valuable insights that can be applied to business choices, businesses must first determine the tools and approaches they will utilise. It must be adaptable in order to satisfy changing business requirements.

Explanation:

Organizations benefit from the deployment of an enterprise-wide data and analytics strategy in the following ways:

• Data and analytics (D&A) is the administration of data to support all applications of data as well as the analysis of data to improve business choices, processes, and results, such as spotting new business risks, opportunities, and difficulties.
• Enterprise analytics refers to the use of data, analysis, and exploratory and predictive modelling to inform business strategies and operations.

• Businesses can determine which tools and processes they'll need to cope with these enormous data volumes and extract insightful information for business choices with the help of an enterprise analytics strategy. In order to suit evolving business requirements, it must be adaptive over time.

An enterprise data strategy is a complete vision and road map for a company's ability to use data-dependent capabilities.

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