Identify key performance indicators, collect relevant data, apply statistical methods and data mining techniques to analyze and interpret results, provide actionable insights for informed business decisions.
Type: Fill Checklist
Business Workflow Step: Gather Raw Data In this initial phase of data collection, relevant information is extracted from various sources. The purpose is to obtain unprocessed and unpresented data in its original form. This can involve manual entry, automated imports, or scraping online content. The goal is to gather a comprehensive set of raw materials that will be used as the foundation for subsequent analysis. Raw data may include sales figures, customer interactions, market trends, or other metrics. It is essential to ensure the accuracy and completeness of this information, as it serves as the base for informed decision-making. The gathered data is then stored in a secure and accessible manner, ready for use in further business operations. Effective management of raw data enables organizations to make data-driven decisions and stay competitive in their respective markets.
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