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Question 61 - CBDA discussion

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As the team discusses how to utilize the results of their data analysis to put forth a business recommendation, an analyst on the team voices concern over the current organizational culture presenting a roadblock to their ability to influence business decision making. Which of the following would be a justifiable concern at this stage of the team's efforts?

A.
Difficulty bringing business stakeholders to a shared understanding about value when sharing data assets across business domains
Answers
A.
Difficulty bringing business stakeholders to a shared understanding about value when sharing data assets across business domains
B.
Changing the mindsets of business stakeholders to trust insights gleaned from data over experience and intuition
Answers
B.
Changing the mindsets of business stakeholders to trust insights gleaned from data over experience and intuition
C.
Applying a myopic view of data and establishing data silos which create roadblocks to exploring available data sources
Answers
C.
Applying a myopic view of data and establishing data silos which create roadblocks to exploring available data sources
D.
Finding data that creates value creating difficulties, as not all data helps a business make better decisions
Answers
D.
Finding data that creates value creating difficulties, as not all data helps a business make better decisions
Suggested answer: B

Explanation:

A justifiable concern at this stage of the team's efforts is changing the mindsets of business stakeholders to trust insights gleaned from data over experience and intuition. This is because some stakeholders may have a strong attachment to their own opinions or beliefs, and may resist or ignore data that contradicts them. This can create a barrier to data-driven decision making, which requires a culture of curiosity, openness, and evidence-based reasoning. The team needs to communicate the value and validity of their data analysis, and persuade the stakeholders to adopt a data-driven mindset12

Reference: 1: Use Data to Accelerate Your Business Strategy 2: Data-Driven Decision Making: A Step-by-Step Guide

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asked 18/09/2024
Maria Telan
32 questions
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