Deakin University MIS770 Foundation in Data Analysis Report 2019

This report presents an analysis of data related to regional business confidence, likely stemming from a survey conducted to gauge industry trends, employment, and business activities. The analysis includes findings on the duration of businesses, employee numbers, and their expectations, barriers to employment, and business activities compared to the previous financial year. The report highlights trends in business operations, government support for businesses, and the impact of economic stability on business performance. It also emphasizes the importance of technology adoption and the competitive nature of the market. The report is likely prepared for an assignment in the context of a data analysis course, such as MIS770 at Deakin University, where students are tasked with manipulating, summarizing, and interpreting data to draw meaningful conclusions and support real-world decision-making.

Running head: FOUNDATION IN DATA ANALYSIS
Foundation in data analysis
Name of the Student
Name of the University
Author Note

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Analysis and Findings
Primary findings help to observe the fact that respondents have broad perspectives regarding
the contemporary trends. For example, almost 83 respondents out of 150 have respondents
have stated the fact that duration of the trade is more than 10 years, while 24 respondents out
of 150 have mentioned that duration of the industry is about 2 years and 4 years. It can be
added that almost due to the advances in technology and demands of products and services,
sustainability of the business in the sector. Moreover, due to the growth and sustainability of
the business, employment opportunities are increasing rapidly. The primary findings
collected from the survey helps to observe the fact that almost 32 respondents out of 150 have
mentioned that they hold the rank of 32, while almost 18 respondents out of 150 have
mentioned that they hold 3rd position. As the growth of opportunities of employment is
increasing, employees have the tendency to look for the better position in the organization.
Consequently, they would like to increase their rank in the organizations with respect to
employment organization. On the other side, it has been identified that almost 29 respondents
out of 150, have mentioned that they tend to operate the business myself. On the other side,
32 out of 150 respondents stated that up to 4 individuals tend to run the business. In addition,
almost 21 people out of 150 have added they tend to prefer to build a collaboration for
developing a business. It can be added that the number of business or the scope for self-
employment have been increasing because the scope and environment of the business are
favourable.

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Governments of the developing nations are welcoming the oversea business and
moreover, government of the nation are encouraging the people who are tend proceed with
their own business. Furthermore, it can be stated that data collected from survey also state the
fact that almost 30% of the respondents have mentioned that they have completed last year
and next year business experience, while 28% of the respondents have mentioned that
completion of business experience has not been effective. It can be added that stability in the
economy and favourable business environment, ongoing businesses are effectively processing
the business activities. It can be stated that business in coming days could be more
competitive in nature due to this favourable market environment and rapid pace of economy.
However, when it comes to economy, businesses cannot rely on long-term planning as it is
certain that economy of any market is most likely to fluctuate, which could be a significant
threat to business. It can also be added that business should shift their attention to technology
advances to speed up the pace.

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