From the course: Certified Analytics Professional (CAP) Cert Prep

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Redefining problem statements

Redefining problem statements

From the course: Certified Analytics Professional (CAP) Cert Prep

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Redefining problem statements

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- [Instructor] A reality check is a must for an analytics project, and there is nothing better than a high-quality dataset that does the job. You now have additional insights at hand because you had an opportunity to establish relationships among various categories of data points. Based on this newly gained knowledge, you're now able to tell whether the problem constraints you collected all year are still valid or not. You may find new constraints altogether, which means you might have to redefine your analytics problem or even your business problem. Your team may have missed an important requirement or stakeholder concern which needs to be added to the problem statement. Then the analytics process iterates again. This cycle continues endlessly as long as there is a need for solving the same business problem, or the necessary resources are still available. You can now more clearly see why data analytics projects are…

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