23 Nov 3 Ways to Improve Your Data Analysis for Your Business
You are the owner of small scale or large scale industry, your business is surrounded with data or you can say that your business in standing in the middle of data highway.
Most of the Government agencies or the private agencies says that they have a lack of data. But the problem is that they have too much information to make a decision but they can’t analyze the data properly. Due to which they left the good opportunity for their business.
If you want to prevent your business from a shortage of data you should know about the right data, draw accurate conclusions from your data and you need to know about the data which help you in decision making.
In short, you need to know about data analytics. Data analytics doesn’t mean reading a graph and calculating numbers. It means you should know how to choose right data for right process and where to apply different data so that your business get profit.
Don’t miss the valuable data for your business. And start learning data analytics skill.
In this article, I will explain how you can improve your data analysis skill and get perfect data for your business.
Right Data Measurement
Most of them if you having the data you showcase all your data in the form of a graph. You will find all information in one place. But you can’t look insight of the data if you choose to compare in this way.
Suppose you want to compare data based on your company marketing channels. You collected all your data from the different source and plotted a graph with it.
From the above graph, you can’t make the right decision for your company marketing benefit. As you can see in the graph of smartphones having the longest bar. Which gives the proper insight for the smartphones. But it is quite confusing for a search engine, Emails because mostly people use this through Smartphones platforms.
So the important is the ability to segment data and raise a question for the each data that why in the graph other data are not in the same line will give you the better insight view of the data and will help you to make the correct decision.
Method for the Collection of Data
A collection of data for your business and while framing data you should keep given below points in your mind.
- Before going for the new data always analyze your existing data.
- After the collection of data save the file with a name so that other members don’t work to collect the same data twice.
- Always keep your collected data with the date on which you collect the data and add some source note with your data.
After analyzing your all data and research on data. The final step is to Interpret your result. while Interpreting your always keep given below question in your mind.
- Whatever the data you frame for your business is answerable to your question? and How?
- Does your data give the perfect answer for any objection and how?
If your data gives the answer of all the above question. Then you have collected data which comes with the productive conclusion. And you can use these data for taking the crucial steps in your business and lift your business.
These data analyze steps will help you to get better data which will help your business to touch the new height of success. And will help you to make a better decision. These data analyze process will never let your business suffering from data efficiency.