Final answer:
Raw data can serve as useful information by identifying trends, measuring performance, and optimizing processes.
Step-by-step explanation:
Raw data can serve as useful information in several ways:
- Identifying trends: By analyzing raw data, businesses can identify patterns and trends that can help them make informed decisions. For example, a retailer can analyze sales data to identify which products are selling well and adjust their inventory accordingly.
- Measuring performance: Raw data can be used to measure the performance of individuals, teams, or departments within a business. For instance, a call center can analyze data on call duration, customer satisfaction, and issue resolution to identify areas for improvement.
- Optimizing processes: Raw data can be used to identify inefficiencies and optimize processes. For example, a logistics company can analyze data on delivery times, routes, and fuel consumption to find ways to improve efficiency and reduce costs.