Trust in Data - Address the following two questions for this week's discussion: 1. Would you...

Trust in Data - Address the following two questions for this week's discussion:

1. Would you agree that combining "poor data quality/lack of trust in the data or the results" in one challenge is correct, or are these actually two different challenges?

2. How do you suggest to improve the trust in data?

Solutions

Expert Solution

1.) I think both are actually two different challenges, because 'poor data' impacts our financial resources and negatively impacts our efficiency, productivity, and credibility whereas 'lack of trust in the data' impacts analysts confidence in a negative way, the data becomes ineffective and like poor data, it also affects the efficiency of analysts and the organization involved .

2.) Steps we can use to improve the trust in data:

a) We have to improve the transparency by implementing third party reviews and stronger quality assurance processes.

b) We have to encourage innovation and experimentation and assure the teams not to have the fear of failure.

c) We have to train the analysts teams to achieve the level of expertise.

d) We have to set goals for them, so they can focus in that particular direction.

P.S. Please upvote if u find the answer satisfactory.

orchestra answered 1 year ago

Next > < Previous

Related Solutions

There are two stories to read and answer questions on in this week's discussion assignment. Case...

There are two stories to read and answer questions on in this week's discussion assignment. Case #1: Use the following story to complete the questions below: Jessica is a 50-year-old married woman with a genetic autoimmune deficiency; she has had recurrent infective endocarditis. The most recent episodes were a Staphylococcus aureus infection of the mitral valve 16 months ago and a Streptococcus viridans infection of the aortic valve 1 month ago. During the recent hospitalization, an echocardiogram showed moderate aortic...

For this discussion you will address the following questions: What clinical problems have you noticed in...

For this discussion you will address the following questions: What clinical problems have you noticed in nursing practice (you can discuss the one you selected for the assignment, in addition to any others you have found)? Have you been able to address them? Were these efforts successful? What changes were made to address these issues (if any)? What new questions arose after the changes were made? Did these lead to any further research or changes in practice (think of the...

Step 1: Address the following questions in discussion in one paragraph for each of the three...

Step 1: Address the following questions in discussion in one paragraph for each of the three question items: Questions 1. Do you think that conscious (voluntary) movements must be organized differently from unconscious (involuntary) movements? What does the evidence tell you? 2. Can you point to any body movements that do not involve reflexes--or some reflexes that do not involve bodily movement?

Address one of the following questions in the discussion. Choice One: In developing a report on...

Address one of the following questions in the discussion. Choice One: In developing a report on the effectiveness of a staffing process for entry-level jobs, what factors would you address and why? Choice two: What are the advantages of having a centralized staffing function, as opposed to letting each manager be totally responsible for all staffing activities in his or her unit?

In this week's discussion you are going to be the CEO of a company. In anticipation of...

In this week's discussion you are going to be the CEO of a company. In anticipation of the upcoming quarterly disclosure of profits, you prepare your Board of Directors for the challenge that cost-push inflation having on profits. Please make yourself CEO of only one of these hypothetical companies. All America Grocery Inc - We serve communities in the middle of the income market providing low prices for all basic grocery needs. Our modest income consumers expect goods deals on good quality...

Context In this week's discussion, you are going to be the CEO of a company. In...

Context In this week's discussion, you are going to be the CEO of a company. In anticipation of the upcoming quarterly disclosure of profits, you prepare your board of directors for the challenge that U.S. tariffs on Chinese imports are having on profits. Conceptually, you will be asked to address elasticity as a measurement of the magnitude of a change. Additionally, you will be asked to examine how price elasticity of demand plays a role in consumer demand and how...

, I would like for you to address three main questions: 1) In valuing a project,...

, I would like for you to address three main questions: 1) In valuing a project, or even a firm, we work off of projections. This means that we must make assumptions. What are the biggest areas of assumptions in a valuation exercise? 2) How can we address these assumptions? 3) Now that you have learned the science of finance, how will you master the art of finance so that you can improve your work life? Your home life? Long...

For this week's discussion, come up with and discuss two examples of government intervention in the...

For this week's discussion, come up with and discuss two examples of government intervention in the economy. One of them has to be an example that you consider good intervention and the other should be an example of what you consider bad intervention in the economy. There is no right or wrong answer for this one. Please be aware that you should also comment on at least of your classmates' postings, but you must be polite and respectful. Rude and...

If you were an investment planner how would you address these questions below. What would you...

If you were an investment planner how would you address these questions below. What would you conclude about your personal investment preferences, and how would you support a client who shares your personal investment preferences? What do you expect to happen to attitudes on risk as you age?

Imagine that you are putting together a presentation that will use that data to address questions...

Imagine that you are putting together a presentation that will use that data to address questions about your topic – for example, questions about risk factors, demographics, etc. List five questions that your data could address, and explain which kinds of charts and graphs would be most effective to display the relevant data for each question. Be sure to explain your answers in detail....

Subjects