How do Digital agencies use data scientist to invest themselves given the current economic status?
Data Analysis is important to Digital agencies in ensuring the success of companies. All the companies have to make decisions in order to carry out their business profitably, which in this decision can only be made after they have analyzed the data from that company for using data to enhance the customer journey by analysing economic data.
The importance of data
The digital analysis makes the calculations and data sorting so easy, Data Analytics helps an organization to tackle the data and utilize it to find new opportunities. Digital Agencies need to analyze their data for a Product review, market status, customers reviews about the product or about the company.
Data analytics has added new dimensions to this forecasting though, and this can help Companies to better pinpoint the causes of the recession and the problem areas, and enable them to put into practice policies that will best counteract them. Read more here
Data Analytics can analysis economically inflation between the years. Can Data analytics Help the bridge the economic inequality in Companies?, Yes data analytics can indicate the country’s wealth.
Analysing economic data is useful
Data Analytics can play a big role in transforming economical status for South Africa with a sensor-based data collection Framework, this could indicate various factors, even warning about seasonal inflation
Developing economy by data analytics
Data science could be useful to overcome many challenges. But yes, you have one big issue in collecting data requires for scientists, keep in mind that share of the shadow economy is bigger in developing countries.