Start learning 50% faster. Sign in now
The first step in identifying business problems is to engage stakeholders to define objectives. It's critical to understand what the business or the specific stakeholders hope to achieve with the data analysis. Without clear, defined objectives, the analysis might miss the mark or provide insights that are not aligned with the business needs. Engaging stakeholders ensures that the analyst is solving the correct problem, using the right data, and setting up measurable goals that align with organizational priorities. This step is key to focusing the analysis on areas that will add the most value to the business. Option A (Define key performance indicators - KPIs) is important but comes after understanding the objectives. Option B (Identify potential data sources) is a necessary step but follows once the problem and objectives are well defined. Option D (Gather and clean the data) is crucial but should happen after aligning the objectives with the business needs. Option E (Build a predictive model) is a part of the analysis process but comes much later, after the problem and objectives are clearly understood.
The govt of India has approved the extension of Interest Equalization Scheme on Pre and Post Shipment Export Credit to ………
What is the purpose of the Golden Dome missile defense shield announced by the US?
Which denomination notes will be introduced as plastic currency in India?
In which of the following year RBI introduced Account Aggregator Framework
What the NOT Correct about Foreign Exchange Reserves of India?
i. US dollar has highest share in the Forex reserves.
ii. The reserves are ...
What is the repo rate as of February 2025, according to the Reserve Bank of India (RBI)?
State which of the following statements is not correct about the dance of Lavani.
i. A combination of traditional song and da...
What is the newly assigned penalty under the Payment and Settlement Systems Act (PSS Act) for contraventions?
Following are the functions of the Reserve Bank of India (RBI) except?
What is the maximum pension amount that an individual can receive under the Atal Pension Yojana?