What characteristics should analytic products exhibit?

Analytic products are essential in providing insights based on data, and one of their fundamental characteristics should be the ability to yield accurate judgments and assessments. This accuracy is crucial because it ensures that the conclusions drawn from the data are reliable and can inform decision-making processes effectively.

When analytic products exhibit accurate judgments and assessments, they enable organizations to identify potential threats, manage risks, and formulate strategies based on sound evidence. Accuracy in analytics helps build trust in the information provided, allowing stakeholders to act confidently based on the insights derived from the analysis.

In the context of analytics, subjective opinions and biases can lead to skewed results, while unproven predictions and vague conclusions undermine the validity and reliability of the analysis, making it challenging to derive actionable insights. Therefore, the emphasis on accuracy in judgments and assessments is what sets high-quality analytic products apart.