Question

"Competition is always going to be fierce in business. The modern business now has many technology tools that can assist with finding patterns to help make better decisions. Companies are investing quite a bit in infrastructure to collect data and the tools necessary to store and analyze that data. Decision support systems (DSS) are changing how business is conducted. What might have once been the domain of educated guesses and gut instincts is now replaced by data analysis models."

Answer 1

Nowadays, many industries use data analysis to obtain good results and in this way determine what action plan should be implemented.

Step-by-step explanation:

So is; With the data analysis models, the proposed objectives can be achieved more quickly and reliably, which is why descriptive statistics are very important since they allow us to analyze and evaluate information that we do not see with the naked eye.