Presence of critical success factors (CSF) influence the performance of a task, project or organization. Managers can influence CSF to increase chances of success. In the realm of data analysis, increasing data volume, variety and velocity (speed) of data capture and storage are challenging, yet create many opportunities. Managers need to explore how they can increase the chances that analysis of data will provide results that benefit their organizations. According to a TDWI report, "Advanced analytics (data mining, predictive analytics, machine learning, and more) are central to enabling organizations to translate data smarts into competitive advantages."
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Posted December 8, 2013 11:30 PM
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