Data Analysis is essential to all businesses, from start-ups through to established companies. By analysing your data, it will provide insights in to performance, bottlenecks, broken processes, effective processes, profitability, and much more. Thorough analysis will contribute to your businesses capability of growth in both the short and long term.
What data can be analysed? In simple terms, all data. Whether its financial, marketing, sales, supply chain, logistics, analysing the data will provide benefit to your business. Between many business functions there are known correlations that can be focused upon, but by analysing data you may find additional correlations that you were not aware of that can be used to improve performance and boost company growth.