What is the result of successfully defining a business problem or opportunity?

Successfully defining a business problem or opportunity leads to the formulation of one or more research questions. This process involves recognizing the core issues that need to be addressed or opportunities that can be pursued within the business context. By clearly identifying and articulating these problems or opportunities, data analysts can then create targeted research questions that guide their analysis and help in gathering the necessary data to inform decision-making.

These research questions serve as a foundation for the analytics work that follows, ensuring that efforts remain aligned with the identified problem or opportunity. They provide clarity and direction, helping to structure the analysis and ultimately leading to more effective solutions. The focus on well-defined research questions also enhances the quality of insights derived from the data, as the analysis becomes more targeted and relevant to the business needs.

In contrast, the other choices highlight outcomes that are not directly tied to the successful definition of a business problem or opportunity. For instance, increased project timelines generally relate to project management challenges rather than the clarity of the business problem. Lower quality analytics questions may arise from poorly defined issues, rather than successful definitions fostering strong research inquiries. Similarly, while stakeholder selection is important, it is not a direct result of defining a business problem; rather, it may evolve based on the clarity of the objectives outlined