List and briefly explain 3 challenges to Data Analytics.
Ans) 3 Data Analysis challenges:
1. Need For Synchronization Across Disparate Data Sources
As data sets are becoming bigger and more diverse, there is a big
challenge to incorporate them into an analytical platform. If this
is overlooked, it will create gaps and lead to wrong messages and
insights.
2. Acute Shortage Of Professionals Who Understand Big Data
Analysis
The analysis of data is important to make this voluminous amount of
data being produced in every minute, useful. With the exponential
rise of data, a huge demand for big data scientists and Big Data
analysts has been created in the market. It is important for
business organizations to hire a data scientist having skills that
are varied as the job of a data scientist is multidisciplinary.
Another major challenge faced by businesses is the shortage of
professionals who understand Big Data analysis. There is a sharp
shortage of data scientists in comparison to the massive amount of
data being produced.
3. Getting Meaningful Insights Through The Use Of Big Data
Analytics
It is imperative for business organizations to gain important
insights from Big Data analytics, and also it is important that
only the relevant department has access to this information. A big
challenge faced by the companies in the Big Data analytics is
mending this wide gap in an effective manner.
Briefly explain the Boxplot for data visualization and analytics and give its example.
2. What might be challenges with implementing cycle counting effectively? List and briefly explain at least 3.
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