Part 2/10:
Data Collection: Gathering information from diverse sources such as company databases, customer feedback, and market research.
Data Processing and Cleaning: This entails organizing the data, fixing errors, and eliminating irrelevant information. Clean data is essential for deriving accurate insights.
Data Analysis: Using statistical methods to identify trends and patterns. Analysts can forecast future trends based on historical data.
Data Visualization and Reporting: Converting data insights into understandable formats using charts and dashboards, making it easier for businesses to grasp critical insights.