According to the reading, what is the ultimate purpose of analytics?
Answers
Answer:
Data analytics initiatives can help businesses increase revenues, improve operational efficiency, optimize marketing campaigns and customer service efforts, respond more quickly to emerging market trends and gain a competitive edge over rivals -- all with the ultimate goal of boosting business performance.
Explanation:
The purpose of data analytics is to extract useful information that can be used for decision-making, predictions, and many other things.
Data analysis is a process of applying statistical practices to organize, represent, describe, evaluate, and interpret data. It is important to first clearly understand for what purpose you are conducting the analysis.The purpose of data analytics in simple word is make best out of waste.
Data analytics is the science of analyzing raw data in order to make conclusions about that information.
This information can then be used to optimize processes to increase the overall efficiency of a business or system.
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