Interpreting Data

It is the process of making sense out of data that has been processed. It transforms raw data into meaningful insights that inform decisions, strategies, and actions. It helps us to answer the critical questions.

Importance of Data Interpretation

• Informed Decision-Making: Interpretation turns data into actionable knowledge. For example: A company interprets customer feedback data to improve product design.
• Identifying needs: Interpretation helps to understand what people or systems need to improve, grow, or solve problems.
• Reduced cost: Interpretation helps to identify the need of production/manufacture to control/reduce the cost.