Discuss the trade-offs between analyzing the data to make an informed decision or making a quick decision to beat the competition.
Data Analysis
Is there anyone who can answers the questions below?
*I am just curious if you could mention a couple of most popular data analytics methods among big companies for their data analytics? Also a couple of most popular software among big companies which they use for their data analytics? Is their decision schemes based off these methods? *
I received the questions above from my Professor in regards to my initial post I made earlier this week that came from the below discussion prompt. I will attach the lesson as well. There is not a set word count, I just need to answer the questions above.
****There are many pressures in making decisions based on information you are working with. There is a high cost of testing for reliability and competition for getting your product in the market as soon as possible. Discuss the trade-offs between analyzing the data to make an informed decision or making a quick decision to beat the competition.*****
Instructions:
Your response must be in your own words. Provide attribution for the source of your learning.
***Please have references in APA style format.
REQUIREMENTS
1 pages, Double Spacing American Public University System BUSN250
Answer preview………………
apa 356 words