Question: I m curious, though, how do you think organizations should prioritize which type of analytics ( descriptive , predictive, or prescriptive ) to focus on

Im curious, though, how do you think organizations should prioritize which type of analytics (descriptive, predictive, or prescriptive) to focus on when building their dashboards? For instance, should this decision be based solely on the companys immediate business needs and goals, or could other factors like the organizations data maturity, industry-specific requirements, or even resource availability also play a role?
Additionally, you mentioned that companies can use dashboards to spot problem areas and gain a competitive edge. How do you think an organization can balance between showing too much data versus only the most relevant insights, to avoid overwhelming users while still making informed decisions?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!