Resolved: Internal Vs External Data Query
Dear Sir,
As discussed in the course- 'Data Strategy', there are risks and benefits to using external data. But if data is too risky to handle and at the same time very important to the business then what are the possible measures one should take to avoid those risks and also be profitable to the company? Elaborate.
Thank you.
Best,
Shardul
1 answers ( 1 marked as helpful)
Hi Shardul,
Thanks for reaching out. When you decide to rely on external data in the long run, you should make everything possible to ensure the data will continue to be available for the foreseeable future. A proper contractual agreement that defines the respective terms, rights, and period can help a great deal.
Best,
Ned