Weiming Chen

coexistence of data abundance and scarcity creates several challenges:

  1. Data Quality: Not all data is useful or accurate. Sifting through vast amounts of data to find valuable information can be difficult.
  2. Data Silos: Data may exist within an organization but be inaccessible due to technical or organizational barriers.
  3. Data Literacy: There may be a lack of skills or tools to effectively analyze and interpret available data.
  4. Real-time Data: While historical data may be abundant, real-time or predictive data might be scarce.
  5. Relevant Data: Organizations might have plenty of data, but not necessarily the specific data needed for particular insights or decisions.