GLOSSARY: What is data analysis?

It is the process of systematically evaluating, sorting and interpreting data in order to obtain relevant information for assessing patterns and trends. Data analysis makes sense of company data. Based on quality data analysis, management can make informed decisions.

How is it going?

• The first step is collection of data from various sources.
• This is followed by sorting and editing the data. Duplications are removed, errors are removed, and the data is put in a format that allows comparison.
• After that, the data analyzed. Patterns, trends, anomalies are sought.
• An important point in the process is data visualization. The data is displayed in graphs, tables, etc., to make it easier to understand. They are then presented in reports and dashboards.

Data analysis

Data analysis is important in any business. It helps you improve process performance, identify opportunities for improvement, and solve problems based on relevant data. Contact us and together we will discuss how to integrate data analytics into your business.