What does the term effective data management mean to you? What are the top 3 reasons businesses spend copious amounts of time and money on effective data man

DB1:

ARTICLE That can be used as well: https://datafloq.com/read/using-analytics-better-decision-making/

What does the term effective data management mean to you?

What are the top 3 reasons businesses spend copious amounts of time and money on effective data management?

Can you identify an example of a business you are familiar with? It can be a cafe, a manufacturing company, a software development firm, a business consulting firm, or any business you choose.

List the kind of data the business maintains in its everyday reports.

Who or which department(s) maintains this data?

Who or which department(s) finds this data useful?

MINIMUM 200 WORDS, AT LEAST 1 SCHOLARLY RESOURCE

DB2:

Name one Measure of Dispersion OR one Measure of Shape, OR one Measure of Association you found insightful. 

Use an example from the textbook to explain the Measure in your own words.

Identify a real-life business situation where this Measure will reveal valuable insights. While sharing your response, remember to address the following:

Describe the business problem to be solved. 

Discuss the type of data you would use to understand this business problem.

Describe how your chosen Measure of Dispersion, Shape, or Association helps gain greater insight for business decision-making.

MINIMUM 200 WORDS, AT LEAST 1 SCHOLARLY RESOURCE