Tuesday, June 3, 2025
News PouroverAI
Visit PourOver.AI
No Result
View All Result
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing
News PouroverAI
No Result
View All Result

Making and avoiding mistakes as an Analyst

October 17, 2023
in Data Science & ML
Reading Time: 3 mins read
0 0
A A
0
Share on FacebookShare on Twitter


Ever been anxious about being called out for mistakes in your analysis? You’re not alone.

Towards Data Science
Source: Unsplash

Producing a faulty analysis and guiding my organization in the wrong direction based on my results has been one of my greatest fears since starting out as an analyst. And to be honest, being exposed and called out on my mess even more so.

My nightmare scenario: A major feature my team has worked on for months, based on my recommendation, fails to deliver value during testing. People start asking questions, and after investigating, it becomes clear that my assumptions were based on incorrect analysis results.

Having spoken to and mentored many analysts since then, I’ve learned that I’m far from the only one who feels this way. On the contrary, this is a very common fear that many analysts share.

The reasons why one can feel anxious about an analysis are quite obvious: publishing and promoting wrong results and recommendations affects both the organization as a whole and at the same time poses risks for us personally.

Despite these risks, avoiding sharing analyses or shying away from controversial or assumption-challenging results is not the right approach. In fact, these analyses are often the most important. Instead, it is crucial to develop strategies that help mitigate the risk of producing flawed outputs. And this starts with appreciating the following:

Making mistakes as an Analyst is freaking easy.

Analysts work in a very complex environment with a high degree of freedom, so there are many opportunities to make a mistake or draw wrong conclusions.

Conducting an analysis involves several different steps:

Defining the research question and approachCollecting and cleaning the dataAnalyzing and interpreting the dataVisualizing and communicating the results

At each stage, it is fairly easy to make a mistake which will ultimately be reflected in our recommendations and the…



Source link

Tags: AnalystavoidingMakingmistakes
Previous Post

This AI Paper Introduces Lemur and Lemur Chat For Harmonizing Natural Language and Code For Language Agents

Next Post

Top economists unanimous on ‘higher for longer’ rates as inflation threats linger

Related Posts

AI Compared: Which Assistant Is the Best?
Data Science & ML

AI Compared: Which Assistant Is the Best?

June 10, 2024
5 Machine Learning Models Explained in 5 Minutes
Data Science & ML

5 Machine Learning Models Explained in 5 Minutes

June 7, 2024
Cohere Picks Enterprise AI Needs Over ‘Abstract Concepts Like AGI’
Data Science & ML

Cohere Picks Enterprise AI Needs Over ‘Abstract Concepts Like AGI’

June 7, 2024
How to Learn Data Analytics – Dataquest
Data Science & ML

How to Learn Data Analytics – Dataquest

June 6, 2024
Adobe Terms Of Service Update Privacy Concerns
Data Science & ML

Adobe Terms Of Service Update Privacy Concerns

June 6, 2024
Build RAG applications using Jina Embeddings v2 on Amazon SageMaker JumpStart
Data Science & ML

Build RAG applications using Jina Embeddings v2 on Amazon SageMaker JumpStart

June 6, 2024
Next Post
Top economists unanimous on ‘higher for longer’ rates as inflation threats linger

Top economists unanimous on 'higher for longer' rates as inflation threats linger

1 Min Business News (Daily)| Ambani gifts 1.5k CR for loyalty #business #news #trending #shorts

1 Min Business News (Daily)| Ambani gifts 1.5k CR for loyalty #business #news #trending #shorts

Blockchain Explained !! #blockchain #bitcoin #career #crypto

Blockchain Explained !! #blockchain #bitcoin #career #crypto

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Is C.AI Down? Here Is What To Do Now

Is C.AI Down? Here Is What To Do Now

January 10, 2024
Accenture creates a regulatory document authoring solution using AWS generative AI services

Accenture creates a regulatory document authoring solution using AWS generative AI services

February 6, 2024
Managing PDFs in Node.js with pdf-lib

Managing PDFs in Node.js with pdf-lib

November 16, 2023
23 Plagiarism Facts and Statistics to Analyze Latest Trends

23 Plagiarism Facts and Statistics to Analyze Latest Trends

June 4, 2024
Azul cloud service spots dead code in Java apps

Azul cloud service spots dead code in Java apps

October 7, 2023
The 15 Best Python Courses Online in 2024 [Free + Paid]

The 15 Best Python Courses Online in 2024 [Free + Paid]

April 13, 2024
Can You Guess What Percentage Of Their Wealth The Rich Keep In Cash?

Can You Guess What Percentage Of Their Wealth The Rich Keep In Cash?

June 10, 2024
AI Compared: Which Assistant Is the Best?

AI Compared: Which Assistant Is the Best?

June 10, 2024
How insurance companies can use synthetic data to fight bias

How insurance companies can use synthetic data to fight bias

June 10, 2024
5 SLA metrics you should be monitoring

5 SLA metrics you should be monitoring

June 10, 2024
From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

June 10, 2024
UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath

UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath

June 10, 2024
Facebook Twitter LinkedIn Pinterest RSS
News PouroverAI

The latest news and updates about the AI Technology and Latest Tech Updates around the world... PouroverAI keeps you in the loop.

CATEGORIES

  • AI Technology
  • Automation
  • Blockchain
  • Business
  • Cloud & Programming
  • Data Science & ML
  • Digital Marketing
  • Front-Tech
  • Uncategorized

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 PouroverAI News.
PouroverAI News

No Result
View All Result
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing

Copyright © 2023 PouroverAI News.
PouroverAI News

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In