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MIS5101: Business Intelligence Access versus Accuracy

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Presentation on theme: "MIS5101: Business Intelligence Access versus Accuracy"— Presentation transcript:

1 MIS5101: Business Intelligence Access versus Accuracy

2 Why are we “drowning in data?”
According to the article? Technological changes? Why are we “drowning in data?”

3 Data Challenges for Marketing
Finding Your KPIs Sifting through structured and unstructured Who uses? Who collects? Risks associated

4 Innovations by their nature are adapting solutions to conditions of uncertainty
Try Alter Receive Feedback Change Adapt *Drowning in Data

5 The access versus accuracy tradeoff

6 Evaluating the tradeoff
vs value(Daccess) value(Daccuracy) How much does it cost? How much do you save? How much do your outcomes improve? How much is an incremental improvement worth? …and the relationships are probably non-linear

7 What is Big Data? How does data become “big”?

8 http://www. datasciencecentral

9

10 How does Big Data complicate the access versus accuracy tradeoff?
So what should you do to realize the potential benefits?


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