What does "data analytics" contact in business operations? 🔊
Data analytics involves the collection, processing, and analysis of data to identify patterns and insights that inform business operations. It aids in decision-making by providing actionable information. Companies use data analytics to optimize processes, improve customer satisfaction, and enhance their overall performance. The methodology involves various techniques, including statistical analysis, data mining, and predictive modeling, allowing businesses to make data-driven choices. Ultimately, effective data analytics leads to more precise goals and better resource management.
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