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Business analysis: best practices for success - Essay Example

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Business analysis: best practices for success

The paper tells that data is a collection of facts or information such as the measurements and values that has been translated into a form that is more convenient to progress or process. Data is also defined as the representation of notions, facts, or instructions in a formal and appropriate way for interpretation, communication, or dispensation by people or through automatic ways. Data can be in various forms such as charts, tables, photos, written documents or maps. For that reason, people can learn to form correlation of data or facts when they are represented with a set of data that is common where there is a possibility to measure a variety of complicated learning outcomes. As a result, data and facts need to be interpretative so that people can recognize correlations in the data, identify valid conclusions, evaluate assumptions and inferences, as well as detect the appropriate ways to apply facts and data. Correct age, gender, religion, or briefs can be inferred as facts. Additionally, in relation to factors such as gender, age beliefs, and religion, data and facts evidence needs to be interpreted concerning the values or beliefs of the businesspersons. This means that when carrying out a business analysis, people need to be aware of the data that relates to their target’s beliefs and values. These data and facts need to be interpretative because they lie in the subjective meaning of social practices and cultural artifacts within the life world of the researcher. As a result, these aspects are vital in the business analysis because through business analysis stakeholders can obtain a shared understanding of the needs of their organization. The common comprehension permits the team to be in a position whereby they can draw lawful recommendations for the identified needs and eventually enable the organization to progress with the best set of recommendations, which suit their needs. The correlation of facts and figures is significant in research because it enables the researcher to inference truths from the data. ...Show more

Summary

This research will begin with the statement that facts are things that are known to have happened and exist in reality. They are truths, which are evident through experience or observation. For instance, a fact can be a piece of information that concerns present situations or past events…
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