Please no written by hand Exercise - Types and categories of dataThe CEO turns to you as her trusted adviser and asks you to investigate what data is available and how it can beutilized to enhance decision-making. The organization has a large volume and variety of data in a variety of disparatesystems.QuestionWhat types or categories of data might the organization already capture?Type your response in the space provided and click or tap “Confirm.” Evaluating organizational capabilities and gapsAt the next board meeting, you provide an update on thedata analytics project, outline the revised objective, andreceive board approval for the questions that need to beanswered. You also advise the board that the next stepin the process is to investigate what data theorganization already uses to make strategic decisionsand identify data or information that will need to begathered.At this point, the CEO becomes very animated. Sheinforms the rest of the board that she went away,researched, and thought some more about how dataanalytics can benefit the organization and enhancecustomer loyalty. Based on her research, she believesdata analytics could really give the organization acomplete overhaul and point toward a new strategicdirection. However, she has reservations about whatdata is available, how it's categorized, what data tocollate, and whether the company has the capability toreally invest in data analytics.

In today's data-driven world, organizations are increasingly recognizing the value of utilizing data…

Answered: The CEO turns to you as her trusted…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Mercy might benefit in a variety of ways from adopting an enterprise data model. With Mercy's ventures into big data, to what degree is a well defined model articulating the organization's data needs and objectives now even more crucial?
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