How Does Data Analytics Help in Decision-Making for Businesses?
10 Feb, 2025
Data Analytics Course in GTB Nagar
Data analytics helps businesses make better decisions by turning raw data into useful insights. It involves collecting, organizing, and analyzing information to find patterns or trends. With data analytics, businesses can understand their customers’ needs, preferences, and behavior. This helps them offer better products, improve services, and create personalized experiences.
For example, by analyzing sales data, a business can see which products popular and which ones are not. This helps in managing stock and making informed choices about future products. Data analytics also helps in forecasting trends, such as predicting what customers will want in the future.
In addition, businesses can identify areas where they are spending too much money or where they can improve efficiency. This allows them to save money and invest wisely.
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