Final answer:
The two outputs generated from data during a business event are reports and analytics, with reports providing structured presentation of findings and analytics offering computational analysis of data for pattern discovery.
Step-by-step explanation:
The two types of outputs that are generated with data created during a business event are reports and analytics. Reports are formal documents that present findings and data from experiments, surveys, and research. The data can be quantitative or qualitative and are often presented with visuals like graphs, bar charts, and pie charts. These reports include a thesis, citations of sources, and may conclude with recommendations. Analytics, on the other hand, refers to the systematic computational analysis of data or statistics. It is used for the discovery, interpretation, and communication of meaningful patterns in data and applies to various business sectors including productivity, labor costs, and profits.
Formal reports are not only used in business but also in social sciences, the natural sciences, technical fields, and may include lab reports, research reports, and proposals. They are structured with an introduction, body, and conclusion, and they provide evidence supporting a thesis. When organizing a report, it is crucial to track all sources of information for proper citation and to draft a thesis statement that the entire report will support.
It's also important to differentiate between facts, which can be proven or inferred, from opinions, which are personal beliefs or judgments. By using critical thinking, writers and readers can discern the reliability of the information presented in a formal report or during a data analysis. Whether the output is a formal report or analytics, the data should be carefully analyzed, organized, and presented to ensure accurate and actionable insights for business decisions or further analysis.