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Summary DAT 510 Q2064 Foundations of Data 20TW2 7 3 Final Project Milestone Four Conclusion DAT-510 DAT-510-Q2064 Foundations of Data 20TW2 7-3 Final Project Milestone Four: Conclusion Value The value of applying data analytics can not be overstated. Trend$7.49
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Summary DAT 510 Q2064 Foundations of Data 20TW2 7 3 Final Project Milestone Four Conclusion DAT-510 DAT-510-Q2064 Foundations of Data 20TW2 7-3 Final Project Milestone Four: Conclusion Value The value of applying data analytics can not be overstated. Trend
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DAT 510 Q2064 Foundations of Data 20TW2 7 3 Final Project Milestone Four Conclusion DAT-510 DAT-510-Q2064 Foundations of Data 20TW2 7-3 Final Project Milestone Four: Conclusion Value The value of applying data analytics can not be overstated. Trends can be identified early. This can lead to ...
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DAT-510
DAT-510-Q2064 Foundations of Data 20TW2
7-3 Final Project Milestone Four: Conclusion
Value
The value of applying data analytics can not be overstated. Trends can be identified
early. This can lead to preventive measures and cost savings and better outcomes for
customers. The ability to identify trends is one of the largest areas of value that data analytics
can provide. Predicting outcomes is vital in every business however it is especially vital in
the insurance industry where data drives predictive models for outcomes. Another value of
data analytics is literally the value to conduct real time analysis, “Providing real time analysis
is no longer a costly Endeavor for the few” (Forbes, 2017). The ability to analyse data much
easier then in the past can give a huge help to a smaller organization. The insurance company
Sonia works for is trying to analyse the probability of a 2nd heart attack and help their
customers by making lifestyle changes to prevent this. Consequently, this could enable the
insurance company to lower their rates and be more competitive and gain market share. In
this scenario there are mutual benefits for both parties. The insurance company can gain a
reputation as a great organization because this analysis can benefit the public. The people can
lead healthier lives and save money in the process. The insurance company can possibly gain
market share and loyalty with its customers.
Insights
I feel the project has helped me gain a small amount of insight into the world
of data analytics. I have gone through exercises that could be realistically applied in the real
world. Learning about important aspects such as the life cycle of data analytics is very
beneficial to having a foundational understanding of how to perform data analytics. The
insights from the project can help the organization make changes and suggestions to their
customers to help them make changes in their lifestyle. This can also help the company adjust
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