Software can do much of the work in data analysis, but it is useless without good data.
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Software can do much of the work in data analysis, but it is useless without good data. The data preparation process (e.g., cleaning, filtering, exploring) can take 80%-90% of the time spent on an analytics project while only 10%-20% of the time is the actual analytics/modeling task of the project. What steps can a company take to assure that most of an analyst's time is spent actually doing analytics rather than preparing the data? How can the company assure that these steps produce a favorable cost/benefit analysis? Explain.
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Entrepreneurship Successfully Launching New Ventures
ISBN: 9780132555524
4th Edition
Authors: Bruce R. Barringer, R. Duane Ireland
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