How does the process of transforming data into ... - SS1 ICT Data And Information Question
How does the process of transforming data into information contribute to decision-making?
The process of transforming data into information involves organizing, analyzing, and interpreting the data to give it context and meaning. This contributes to decision-making by providing actionable insights. For instance, analyzing sales data over a period can reveal trends, allowing a company to make informed decisions about inventory, marketing strategies, or sales projections.
Transforming data into information involves organizing, analyzing, and contextualizing the data to reveal patterns, trends, and relationships. This process provides valuable insights that aid decision-making and problem-solving. For instance, a retailer analyzing sales data can identify which products are most popular during specific seasons, enabling them to stock inventory accordingly and optimize sales strategies.
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