[D] How to estimate RoI for Descriptive Analytics Usecases?
I am currently working with a company that has a lot of data issues in terms of Quality and Quantity. By quality, I mean that they don’t have standardized, clean, and structured data. And in quantity, they don’t have a good amount of historical data.
After doing data cleaning and wrangling, the final dataset is only suitable for descriptive analytics. And the management wants to know the RoI from implementing this use-case.
From my PoV, descriptive analytics will only aid the decision-makers in knowing the status of different components of their projects and identifying any issues related to them. Any financial value that can be generated is in the hands of these decision-makers. But the management wants to put a price tag to it and I don’t know how to guesstimate it.