Data Analytics Could Benefit Organizations In Many Ways, From Improving Internal Efficiencies: Data Management And Analytics Research Paper, MU, Ireland

Question 1

Data Analytics could benefit organizations in many ways, from improving internal efficiencies, developing new services, improving sales, or making financial savings. Provide a detailed description of how an organization of your choice could benefit from any area of data analytics.

Question 2

Three key areas to Data Management are Master Data Management, Data Quality, and Data Governance. Describe these areas of data management and what steps need to be addressed as part of an enterprise data management strategy.

Question 3

According to the Harvard Business Review, it has been estimated that bad data costs the US economy $3 trillion per year. Explain what is meant by bad data and what steps an organization can take to avoid this.

Question 4

According to research from Experian Data Quality (EDQ), companies with a more sophisticated approach to data management see a lesser degree of inaccurate information and experience higher profits as an organization. Write a report which describes how an organization’s data management strategy can be improved.

Question 5

Being competitive today requires a new view of your customers and their data. Explain what Master Data Management (MDM) is and discuss how an organization can successfully implement an MDM strategy.

Question 6

Data is potentially an extremely valuable asset and the appropriate use of data could benefit organizations in many ways. Using an organization with which you are familiar, discuss in detail how they can benefit from adopting any of the new tools or trends from the data management and analytics arena.