FUNDAMENTALS OF COMPUTER

Detailed explanation-1: -Explanation: The ability to turn our data into business value is referred to as value. The usefulness of obtained data for our business is referred to as data value.

Detailed explanation-2: -Data mining is a process used by companies to turn raw data into useful information by using software to look for patterns in large batches of data.

Detailed explanation-3: -Data helps you understand and improve business processes so you can reduce wasted money and time. Every company feels the effects of waste. It depletes resources, squanders time, and ultimately impacts the bottom line. For example, bad advertising decisions can be one of the greatest wastes of resources in a company.

Detailed explanation-4: -There are numerous ways data can influence your business success, but for the most part businesses use data in these three ways: Inform and improve decision-making. Revamp and refine operations. Create new streams of revenue.

Detailed explanation-5: -The Benefits of Business Analytics Improve operational efficiency through their daily activities. Assist businesses to understand their customers more precisely. Business uses data visualization to offer projections for future outcomes. These insights help in decision making and planning for the future.