Question

Question 6 An advertising firm has used insights from its analytics team to create a strategy for improving sales. Now, they implement a plan to increase annual revenue. The firm is at which step of the data analysis process?

Answer 1

The firm is at the last stage of data analysis which is Result Sharing.

What is Data analysis?

Data analysis is the process of transforming raw data into relevant information that helps make informed decisions on businesses.

• Sharing of result is the last stage of data analysis, it involves sharing of result to scientist, researchers or businesses to make decisions.

Therefore, strategy or plan to increase annual revenue is a decision from the result that was shared. This can be a decision by the management as a solution to their problem statement.

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