How do you describe the importance of data in analytics? Can we think of analytics without data? Explain

a. It aids in the comprehension of the existing status of the business or process.

b. No, it not possible to we think of analytics without data

Explanation:

a. How do you describe the importance of data in analytics?

Data analytics can be described as the art and science of extracting useful information from data.

It aids in the comprehension of the existing status of the business or process and serves as a solid foundation for forecasting future results. Businesses can use data analytics to better comprehend the present market situation and adjust their processes or trigger the need for new product development to meet market demands.

b. Can we think of analytics without data?

No, it not possible to we think of analytics without data. This is because the raw material that is employed for analytic is data. Therefore, there would be nothing like analytics when there is no data.

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