Data Analysis

Definition updated on November 2023

What is data analysis?

The process of scrutinizing, purifying, manipulating, and modeling data in order to find relevant information, support inferences, and help decision-making. Data analysis is utilized in several fields of business, science, and social science and has many dimensions and methodologies. It involves a variety of methods and is known by numerous names. In the contemporary corporate world, data analysis aids in more scientific decision-making and more effective business operations.

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