Data Analysis Provides Important Information


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Data Analysis Provides Important Information

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  2. 2. Data Analysis Provides Important Info There are some people who absolutely live for numbers and information and just about anything else that can be compiled and analyzed, and that makes data analysis a good occupation. More than just numbers data can be collected to provide important statistics to support many decisions.
  3. 3. One type of data analysis One type of data analysis that most people are aware of is the national census. Most of this information is gathered through personal interviews, although many citizens can fill out forms with the same information to allow the government can plan for many social programs as well as plan for the future.
  4. 4. For example For example, if the census in a certain community shows the number of pre-school age children has grown dramatically, that community can start planning for more space in schools as well as teachers for the future.
  5. 5. Commercial uses forthis information Commercial uses for this information can be helpful for companies planning events such as advertising campaigns and product development. For instance if a trend appears through the data analysis that a certain community will have the majority of its population over the age of 70, it can plan an advertising campaign geared more towards senior citizens.
  6. 6. Retailers can also set their product m Retailers can also set their product mix for seniors more towards the percentage of the older residents to meet the anticipated demographics.Data collection forms can help to do this, making marketing techniques easier to accomplish.
  7. 7. Trends Revealed ThroughData Analy There is much to be gained with data analysis and those responsible for analyzing the data usually see emerging trends and can translate that information. If, for example, a trend is spotted that shows an increase of a certain ethnic population in specific geographic areas, additional studies may be prompted in an attempt to determine why that area is more attractive.
  8. 8. Additional data may look at Additional data may look at which areas have seen a reduction in that ethnic group and attempt to find out why the exodus is occurring.
  9. 9. Analysis from data analysis Analysis from data analysis may also reveal health trends and spark reaction from national health agencies to intervene before an epidemic begins. Health statistics can also help spot increases in a particular disease and determine if it is limited to a certain ethnic group, age group or geographic area. This information may be vital in determining not just the cause, but also a possible cure.
  10. 10. The world of the future often depends on occ The world of the future often depends on occurrences of the past, and the more the people know, the more they can project the future.
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