Descriptive Analytics Meaning Examples

Meaning of descriptive analysis The goal of business analysis is generally to identify patterns and trends in large amounts of data, in order to help organizations make the best decisions and improve internal performance. Descriptive data analysis is the most basic type of analysis in terms of business analysis and is widely used; it produces the KPIs and metrics used in business reports, a detailed descriptive analysis report summarizes and highlights patterns in the company's current and historical data to help the company understand what has happened to the different audited processes . This type of analysis is used quite regularly and is particularly useful to communicate changes to staff over time, as well as to help in the development of decisions using trends as a basis for further analysis, that is, based on figures to make timely decisions. A clear example of descriptive analysis can be the analysis of financial statements, since they provide information based on current and historical data on numerical trends and relationships between variables that allow making correct decisions based on numerical agents of the company. And remember that if you want to know more, visit our blog and share this information with your friends, see you on the web. https://pcweb.info/descriptive-analytics-meaning-examples/?lang=en