What are the best practices for using alternative data in analytics?
An example of an AI chatbot conversation about best practices for alternative data in analytics.
What are the best practices for using alternative data in analytics?
The best practices include ensuring data quality, understanding the source, and complying with regulations.
Can you elaborate on ensuring data quality?
Absolutely! Ensuring data quality involves validating the accuracy, completeness, and consistency of the data.
What regulations should I be aware of?
You should be aware of data privacy laws like GDPR and CCPA, which govern how data can be collected and used.
How can I source alternative data effectively?
You can source alternative data from public records, social media, IoT devices, and third-party data providers.
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