Guide to selecting tools for data analysis

The selection of tools for data analysis has become one of the main aspects for successful collection and extraction of valuable information for decision-making. In this guide we are going to explore the essential aspects and characteristics that must be considered when selecting a program or tool for data analysis. From scalability, to the ease and time in acquiring data, in this article we are going to evaluate each of these aspects so that when choosing a tool, you know the necessary selection criteria and points.data analysis sales systemData analysis with MobilvendorTransform data into intelligent decisions with Mobilvendor Analytics . Contact us here! Contents hide 1 What is a tool for data analysis? 2 Features that data analysis tools must have2.1 Use predictive analytics2.2 Generate specific dashboards2.3 Have data classification potentials2.4 Control KPIs in real time3 Importance of data analysis tools What is a tool for data analysis? A tool for data analysis is a software or platform designed to process, interpret and visualize data sets in order to extract meaningful information and make informed decisions. The purpose of these types of tools is to facilitate the process of exploring, manipulating and understanding data, allowing users to discover patterns, trends and relationships that can help in decision-making in various fields, such as business, science, research and government. tools for data analysisA good tool for data analysis must integrate cutting-edge technologies such as data mining, artificial intelligence, machine learning, among others. Here we have compiled some of the functions that will be useful to you when deciding which software to choose. Using predictive analyticsA data tool allows you to anticipate market trends and needs with the help of predictive analysis. Being able to anticipate your purchase according to your inventory turnover or knowing which products your sales force should promote at the time of a visit are very useful productive analysis tools for increasing sales. The Mobilvendor data analysis module that has this feature when you hire its business management software. Generate specific data boards (dashboards) Another feature of a good data analysis software is the possibility of generating specific dashboards with information relevant to your company. If you need information about sales in real time, the effectiveness of closing quotes, the performance of the sales force, etc. A good data management software will provide reports that support the commercial, accounting and logistics systems of your business. Having data classification possibilities. A data analysis software should allow you to classify your information into zones, customers, times, revenues, sales, etc. All this in order to be able to carry out specific analyses of each area of the business. When you segment your reports, you can have clear information about regions, branches, stores, points of sale, etc. Control KPIs in real time. Every number and value is important when making a decision and your data software should be able to present you with information on key indicators in real time. With this information, you'll have the ease of making decisions about the actions that are happening at that time. Goodbye to continuing to make decisions with Q1 data when you're in Q4. Mobilvendor with its business management system and analytics module help you with this.Importance of data analysis toolsData analysis tools are important for several reasons, which we detail below:Decision making: They help organizations to make informed decisions based on evidence and data analysis rather than assumptions or intuitions. This improves the accuracy and effectiveness of strategies and tactics in all areas of the business.Discovery of valuable information: They allow companies to explore large data sets to identify hidden patterns, trends and variables.Process optimization: They facilitate the identification of areas for improvement and the optimization of business processes by analyzing operational and performance data. This results in greater efficiency, reduced costs and improvements in the quality of the product or service.Competitiveness: In an increasingly competitive business environment, data analysis tools can provide an advantage by allowing organizations to better understand their market, their customers and their competitors in real time. We hope this article has been useful and now you are ready to know what type of data analysis tool you need. If you want to know about the mobilvendor data analysis module, do not hesitate to contact us here.