Business data refers to the information about people, places, things, business rules, and events in relation to operating a business.
Serious businesses need to consider setting up business intelligence and data warehouses. In pursuing these capabilities, they need to adopt a holistic view coupled with wise investment and careful execution. For a business to really grow, it should consider interrelated areas involving people, strategy, process, applications, metrics, data and architecture.
It is very important to gather business data and base an organization’s decision on the statistical report to get precise decisions on how to more the company forward for sustainability.
Knowing things about people and their buying behaviors can make a company generate very important business data. For instance, statisticians and market researches know that certain age groups have unique buying habits. Races and people from different demographics locations also have buying patterns of their own so gathering these information