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Question

Which of the following industries is traditionally thought of as “data disadvantaged” in terms of its progress with data analytics?

Group of answer choices

1: Traditional Banks

2: Insurance

3: Healthcare

4: Retail

Answer 1

An organization needs data and business intelligence and the capabilities to utilize it in a meaningful way to get competitive advantage. According to Davenport in his book ‘The Big Data at Work’  health care organizations in the U.S are data disadvantaged because most medical records consists of unstructured text.

Suggested Reading

Davenport, T. (2014). Big data at work: dispelling the myths, uncovering the opportunities: Harvard Business Review Press.