Which of the following describes 'quick wins' in a business data analytics approach?

The concept of 'quick wins' in a business data analytics approach refers to straightforward solutions that can be implemented rapidly and provide immediate, tangible results. These solutions are typically designed to address specific problems or opportunities that can be resolved quickly to generate value for the organization without extensive resources or time commitments.

Choosing simple solutions fosters momentum within the organization, as early successes can build confidence among stakeholders, encourage further investment in data analytics initiatives, and promote a culture of data-driven decision-making. By focusing on quick wins, organizations can demonstrate the value of their analytics efforts early on, making it more likely to gain support for larger, more complex projects in the future.

Other choices do not align with the definition of 'quick wins.' Efforts with longer timelines and complex procedures, as well as strategies requiring deep technical skills, inherently negate the idea of rapid implementation and immediate impact. Similarly, projects that incur high costs but yield low returns are contrary to the efficient and profitable nature of quick wins, which prioritize maximizing benefits with minimal investment.