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How does data analytics work in your business?

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Data Analyst with 10 years of experience in Fintech, Product ,and IT Services

Data analytics works in a business by turning data into actionable insights. Here's how it typically works: 1. **Data Collection:** Gather data from various sources like sales, customer feedback, and operations.2. **Data Cleaning:** Remove errors and inconsistencies to ensure accurate analysis.3. **Data...
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Data analytics works in a business by turning data into actionable insights. Here's how it typically works:

1. **Data Collection:** Gather data from various sources like sales, customer feedback, and operations.
2. **Data Cleaning:** Remove errors and inconsistencies to ensure accurate analysis.
3. **Data Analysis:** Use tools and techniques to analyze the data, identifying patterns and trends.
4. **Data Visualization:** Create charts and dashboards to make the insights easily understandable.
5. **Decision-Making:** Use the insights to make informed decisions, improve strategies, and solve problems.
6. **Continuous Monitoring:** Track performance and adjust strategies based on new data.

### Summary:
Data analytics helps businesses make informed decisions by analyzing and visualizing data to uncover trends and insights.

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