New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    Which of the following best highlights how data

    analysts contribute to achieving organizational goals?
    A Developing new products based on intuition. Correct Answer Incorrect Answer
    B Analyzing historical data to forecast future trends. Correct Answer Incorrect Answer
    C Managing the company’s IT infrastructure. Correct Answer Incorrect Answer
    D Handling all financial transactions of the organization. Correct Answer Incorrect Answer
    E Creating advertisements and marketing campaigns. Correct Answer Incorrect Answer

    Solution

    Explanation: Data analysts play a pivotal role in aligning data insights with organizational goals. By analyzing historical data, they can identify trends, such as customer preferences, seasonal demand fluctuations, or market shifts. This foresight enables organizations to optimize resources, improve customer satisfaction, and increase profitability. For instance, analyzing past sales trends helps in forecasting inventory needs, preventing both overstocking and shortages. This data-driven approach ensures that organizational strategies are evidence-based, reducing risks and enhancing efficiency. Option A: Product development based solely on intuition is risky and not aligned with the analytical role of data analysts, who rely on evidence and data. Option C: IT infrastructure management is the responsibility of IT administrators or system engineers, not analysts. Option D: Financial transactions are handled by accountants or financial analysts, though data analysts might assist in analyzing financial trends. Option E: Creating advertisements is part of marketing roles, while analysts might provide data insights to refine campaigns.

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