We often say to our partners that the use of predictive and prescriptive analytics is a journey. The foundation of this journey is establishing trust in what advanced analytical approaches are telling you.
Trust takes time, even during a pandemic.
This is a fact that is prevalent in all aspects of our lives, not just data science. Even with the best approaches to modeling, even with processes that build hundreds of models through different lifecycles, even when the modeling uses the most advanced validation approaches, even with COVID-19, trust is still a journey.
It is a journey that we all need to take no matter the circumstances.
The data trust journey is the best path to answering the most pressing questions you have right now.
We have adapted to new challenges in the past. Today’s challenges have caused severe turbulence and could very well cause difficult times for several semesters. Higher education must chart a trustworthy and successful path forward using data-driven decision making.
The power of data is irrefutable and predictive and prescriptive analytics are changing everything. Those who begin their journey now will be the first movers, evolve their decision-making process faster, and see impacts sooner than those who don’t.
Here are some things to consider in your data trust journey – especially during a pandemic:
Back to the quote from above, “well-placed trust is one of life’s greatest rewards.” The reward is out there, but it takes a journey to get there. Don’t delay your data trust journey.