Relevance of Data Analysis in the Business Organization: Sector Wise Analysis

Author(s): Navya TD, Varshini Sree Reddy, Nikhitha Gudipati and Dr. Lakshmi P

Abstract:

This paper aims to explore the phenomenon of data analysis in both inside and outside the organization. The basis for every business decision-making is based on the analysis of data. Intuition-based decision-making is no longer sufficient. Any firm nowadays is driven by business intelligence and well-informed decisions. We talk about how data analysis may be used in business. For any firm, data analysis has become a critical business process. To make the best judgements and guide their company towards success, executives need in-depth knowledge of their industry, the market, rivals, and customers. Data will continue to play a bigger and bigger role in shaping the world as we know it. Data analysis is the instrument that, from a corporate standpoint, today's business leaders use to both assess how their company is doing and identify areas that require attention.

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Pages: 17-19     |    4 View     |    0 Download