Question

What is the key objective of data analysis?
to generate cultural support and alignment across an organization
to find meaning in data and use it to make informed decisions
to develop an enterprise-wide data strategy and data governance policies
to decide how to capture the right type of data in real time
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Answer 1

Answer:

The process of data analysis uses analytical and logical reasoning to gain information from the data. The main purpose of data analysis is to find meaning in data so that the derived knowledge can be used to make informed decisions

Explanation:

Answer 2

The key objective of data analysis is to find meaning in data and use it to make informed decisions

• Data analysis is done to inspect, analyze and interpret data to find meaningful and useful information.
• Using such information is used to make decisions.
• A simple example is the preparation of a list of items to be purchased for the kitchen by analyzing the use of the goods in the previous month.
• We are simply analyzing the past to make decisions in the present or future.

• The main advantage is that we can avoid errors in decision-making that arises from guessing.

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