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Q 300. Every action that we take, generates data. However, having too much data leads to a paradoxical situation known as 'Curse of Dimensionality'. Explain the curse and its effects on data analysis with suitable examples. Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the l
One industry sector that is booming globally is Business Analytics. One way to understand this domain is to divide in three parts - Descriptive Analytics (What has happened), Predictive Analytics (Understanding the future), and Prescriptive Analytics (Decision making to influence business outcomes). There are Analytics experts who do not link well with business excellence and there are business excellence professionals who do not know much about the vast and expanding domain of Analytics. Benchmark Six Sigma is about to launch Business Analytics courses in January 2018 to address