Analysis of data is a process of inspecting, cleaning, transforming, and modeling data with the goal of discovering useful information that suggests conclusions and supports decision making.
Without a clear data management strategy and a deep appreciation for data governance, no company can avoid the repercussions of bad data irrespective of industry, department, or location.
Left unaddressed, the impact will only increase as bad data propagates across systems, data quality continues to deteriorate, and the cost of complex data cleansing spirals out of control.
Data analysis has multiple facets and approaches, encompassing diverse techniques under a variety of names, in different business, science, and social science domains.
In summary, Data Analytics is a must needed asset of the 21st century business envronment. But an asset only as good as the overall strategy for success.
And in today’s competitive environment, Success is the Only Option!