This is done to obtain precise conclusions that will help us achieve our objectives, such as operations that cannot be previously defined since data collection may reveal specific difficulties.Ĭurrently, many industries use data to draw conclusions and decide on actions to implement. It consists of subjecting data to operations. ![]() But what is data analysis in simple words? What is data analysis?ĭata analysis is the science of examining a set of data to draw conclusions about the information to be able to make decisions or simply to expand the knowledge on various subjects. However, this data analysis can add value to the business only when it’s analyzed to gain insights into how to improve your products and services.ĭata analysis allows you to know and interpret information to identify points of value. Today we collect data at various points of processes and transactions, which has huge potential to change the way we work for the better.
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