It is at the foundation of all data insight. The first type of data analysis is descriptive analysis. Four Types of Data Analysisīelow, we will introduce each type and give examples of how they are utilized in business. At the same time, the level of added insight and value also increases. As you begin moving from the simplest type of analytics to more complex, the degree of difficulty and resources required increases. While we separate these into categories, they are all linked together and build upon each other. There are four types of data analysis that are in use across all industries. ![]() There are many ways that data can be utilized, at all levels of a company’s operations. ![]() When data is used effectively, it leads to better understanding of a business’s previous performance and better decision-making for its future activities. Analysis of data is a vital part of running a successful business.
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