What Is Data Analysis and Why Is It Important?

data-analysis-importance

Data analysis is the process of evaluating data using analytical and statistical tools to discover useful information and aid in business decision making. There are a several data analysis methods including data mining, text analytics, business intelligence and data visualization. How Is Data Analysis Performed? Data analysis is a part of a larger process of deriving business intelligence. The process includes one or more of the following steps: Defining Objectives: Any study must begin with a set of clearly defined business objectives. Much of the decisions made in the rest of the process depends on how clearly the objectives of…

Read the full article: What Is Data Analysis and Why Is It Important?

It's only fair to share...Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInPin on PinterestShare on RedditShare on StumbleUponDigg thisShare on TumblrPrint this page