Which of the following statements about data analytics and visualization is false?

Question

a. The ultimate goal of data analytics is to drive profits, and often that depends on
learning how to manage assets.
b. It is easier to make sense of data than it is to collect the data.
c. Companies and/or entire industries are using data visualization and interactivity to
improve decision speed and performance often with mobile displays.
d. Because of the demanding pace of their decisions, capital markets professionals
use visualization for risk analysis, compliance monitoring, and fraud detection.

Answer 1

The correct answer is option B (It is easier to make sense of data than it is to collect the data). More than collecting the data, making sense from the data is a tough task. Handling real data is a big mess since there can a lot of missing data and outliers. Cleaning the data and bringing useful insights from the data is a lot tougher than collecting the data.

If you are interested in Data analytics, I would suggest these Data Analytics courses by Intellipaat.

You can watch this video on Data analytics to know more Data Analytics: