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Million dollar question?

  • Writer: nyaradzoamuseza
    nyaradzoamuseza
  • Mar 9, 2022
  • 2 min read

Updated: Apr 23, 2022

In this post, I will discuss the importance of asking the correct question when analysing data. One day while I was working (I am a Data Analyst), I had an Aha! Moment. I thought I had discovered a secret to deriving good insights from a dataset. I had realized that data is like a fruit, the more you squeeze it the more juice is produced. In other words, I had discovered that the deeper the questions one asks, the higher the quality of insights. I decided to do a poll on LinkedIn to find out how many people concurred with me. Although perplexed by the fact that most of my connections shared the same sentiments, I was happy that my thought process as a data analyst, was maturing and was on the right track.


LinkedIn poll results.

According to reelrundown.com the Idiom 'The Million Dollar Question' originated from a television show called “Take It or Leave it.” A contestant who answered a question correctly was asked each time whether they wanted to take the money at that stage in the game, or would rather leave it in the pot and answer another question. By leaving the prize money on the table, there was potential for the total sum to be doubled until the prize money gets to a million dollars. If the player had given up quickly, they would leave with a little amount of money,


Coming back to context, when given a dataset value is expected by stakeholders. Usually, most stakeholders have the least idea of what insights their data can give. As an analyst the power to get a 'million' is entirely in your hands. Keep digging until you get to the final question that will provide the ultimate answer. Happy Analysing!


Please give me feedback and let me know if this post motivated you.

 
 
 

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