What We Can Learn from This Application Case For any analytics project, it is always important to understand the business domain and the current state of the business problem through extensive...

What We Can Learn from This Application Case

For any analytics project, it is always important to understand the business domain and the current state of the business problem through extensive analysis of the only resource—historical data. Visualizations often provide a great tool for gaining the initial insights into data, which can be further refined based on expert opinions to identify the relative importance of the data elements related to the problem. Visualizations also aid in generating ideas for obscure problems, which can be pursued in building predictive models that could help organizations in decision making.