Data analytics is the new king in most businesses. All departments are making sure that they
have a data specialist on board. While
this is great and adding a huge benefit to businesses, there are also
limitations to data that we must remain aware of. We can’t understand the why with pure
numbers, we can assume or hypothesize but it doesn’t actually tell us the
why. We can get verification, not
validation. A lot of business issues
still call for analyzing the qualitative information i.e. holding in depth
focus groups or interviews with users of your product.
If you are in the midst of building a new product, or just
rolled out a new product, analytics can tell you how it is or isn’t being used
by your customers. However, if no one is using that new feature, analytics
can’t tell you why they aren’t using it.
Also, analytics can only provide insights to questions that you ask, but
what is you aren’t asking the right questions? All business should be using
analytics to help inform their decision making processes, whether around a new
product, or where to recruit, but we should also remain aware of the
limitations of analytics to ensure that we make the best decisions possible.
https://medium.com/towards-data-science/the-limits-of-analytics-101d93623adf
Nice topic!
ReplyDeleteVery interesting. Thank you for sharing
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