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Shaping the future of your water and waste water servicesResults from the public consultationOutcome ReportContents1.0Purpose ..............................................................................................................................32.0
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Define the objectives and goals of the data analysis.
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Going beyond big data refers to the evolution of data analysis and management practices that incorporate advanced analytics, machine learning, and artificial intelligence to derive deeper insights from vast amounts of data, shifting from mere data storage to actionable intelligence.
Typically, organizations that handle large volumes of data, such as corporations, financial institutions, and government agencies, are required to file going beyond big data, especially if they need to comply with specific regulations or reporting requirements.
To fill out going beyond big data, one must gather all necessary data points, ensure accuracy, follow the specified format or template provided by regulatory bodies, and include any required analytics or insights derived from the data.
The purpose of going beyond big data is to enhance decision-making processes, drive innovation, improve operational efficiency, and provide stakeholders with meaningful insights that were previously unattainable through traditional data analysis methods.
The information that must be reported typically includes data analytics results, data sources, methodologies used for analysis, insights gained, and any relevant compliance or regulatory information.
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