In many cases because this subset leads to the most interesting conclusion. The Texas Sharpshooter Bias typically arises where a person has a large amount of data, but only focuses on a small subset of this data. In this blog, we explore 11 common pitfalls you may encounter during the data analysis process. Analysing data comes with its own pitfalls. However, having identified the data you need, and why you need it, you still may not be out of the woods.
The data itself may be incomplete, inconsistent, or unavailable.
It may be difficult to collect or identify the right data streams. While working on drawing meaningful conclusions from your data, you are likely to encounter many challenges. However, data analysis is not something to jump into blindly. Whether it be profitability analysis or looking for ways to improve processes, data guides the process. As we have noted in recent blogs, data collection and analysis is essential to the long term success of your business.
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