Whois & Analysis for businessnews.site

In common usage and statistics, data is a collection of discrete or continuous values that convey information, describing the quantity, quality, fact, statistics, other basic units of meaning, or simply sequences of symbols that may be further interpreted formally.

A datum is an individual value in a collection of data.

Data is usually organized into structures such as tables that provide additional context and meaning, and which may themselves be used as data in larger structures.

Data may be used as variables in a computational process.

Data may represent abstract ideas or concrete measurements.

Insight is the understanding of a specific cause and effect within a particular context.

The term insight can have several related meanings:

A goal or objective is an idea of the future or desired result that a person or a group of people envision, plan and commit to achieve.

People endeavour to reach goals within a finite time by setting deadlines.

In psychology, decision-making (also spelled decision making and decisionmaking) is regarded as the cognitive process resulting in the selection of a belief or a course of action among several possible alternative options.

It could be either rational or irrational.

The decision-making process is a reasoning process based on assumptions of values, preferences and beliefs of the decision-maker.

Every decision-making process produces a final choice, which may or may not prompt action.

Analysis (analyses) is the process of breaking a complex topic or substance into smaller parts in order to gain a better understanding of it.

The technique has been applied in the study of mathematics and logic since before Aristotle (384–322 B.C), though analysis as a formal concept is a relatively recent development.