what is data? why is data important to business
In technical term Data is a Raw fact which need to be processed.However in business term Data is an information of clients, customers and competitors which is a very crucial and important data for any entity.
Now a days data is an biggest assets for any entity data can provide extra edge to any entity and therefore most of entities are spending lot of money on collecting and analyzing data because it helps entity to:
- Understand thier customer
.- Understand their businee
- Improve process
- Make a good or better decision
- to keep track the performance etc.
When any organization have data then by analyzing that data organization can take desired decisions.
I hope this clear your doubt.
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