Torgeek
What are the 4 types of data analysis?
There are four types of analytics, Descriptive, Diagnostic, Predictive, and Prescriptive. The chart below outlines the levels of these four categories. It compares the amount of value-added to an organization versus the complexity it takes to implement.
What are the challenges of data analysis?
Besides the possibility of messy data due to the high volume, they also face other challenges such as collecting meaningful data, selecting the right analytics tool, data visualization, multiple-source data, low-quality data, lack of skills, scaling challenges, data security, budget limitations, lack of a data culture, ...
