From the course: Data-Driven Decision-Making for Business Professionals
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How to break down the business problem into data requirements
From the course: Data-Driven Decision-Making for Business Professionals
How to break down the business problem into data requirements
- Using the right data to answer the right question is the same as using the right tool for the right problem. Sometimes though the question or challenge can seem way too complex. It just seems way too difficult that you don't even know where to begin, let alone which tool to use. When dealing with data challenges, one of the key things is to simply keep it simple. Try breaking things down into their individual components. Think about that request for data to decide which product to launch next. This might feel like a huge burden on your shoulders to make this big decision. The next product could seriously make or break the company. But let's think about what we have. We have the data on the current products. Okay, easy enough. But let's make that easier though. We know what our current products are. We know which customers are using our current products. We know how much revenue we get from our current products. Great,…
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