Describe the Risks Associated with Missing Data and Data Silos

question 17

Essay

Describe the risks associated with missing data and data silos.

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Definitions:

Cost-efficiency Measure

The practice of reducing business expenses to achieve maximum efficiency and effectiveness.

Compensation Expense

The total amount of monetary and non-monetary pay provided to employees, including wages, salaries, bonuses, and benefits, recorded as an expense for the company.

Analytics

The systematic computational analysis of data or statistics to make informed decisions.

Performance Metric

A performance metric is a standard of measurement used to evaluate the effectiveness, efficiency, and quality of a job, process, or employee's work.