There is no question the data now available to us is incredibly valuable.

The data and our ability to analyze it for insight give us a tremendous view into what is happening in the world.In general, the utility of data analysis breaks down into three main categories: descriptive, predictive, and prescriptive.
Somewhat more colloquially, our data allow us to assess what has happened, predict what will happen next, and then advise us as to how to respond.All three functions depend on the data available and each requires a step up the food chain in terms of data completeness.  Even when you have the data required to assess what is happening in the world you might not be able to predict what is going to happen next and even when the data support prediction, they might not support the ability to advise.To read this article in full or to leave a comment, please click here

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