Using Data to Build Business Practice

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Added on 2020-10-05

Using Data to Build Business Practice

Added on 2020-10-05

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Using Data to BuildBusiness Practice

Table of ContentsINTRODUCTION ..........................................................................................................................1ANALYSING DATA......................................................................................................................1STANDARD STATISTIC...............................................................................................................7Finding and recommendations.......................................................................................................14CONCLUSION..............................................................................................................................14REFRENCES.................................................................................................................................16

INTRODUCTION In today's era, almost each company use to make decision in context of their businessthus they required simplified, assorted, arranged, authentic data so that desired objective can beattained (Higgins, Omer and Phillips, 2015). Business statistics are the vital tool that ease theprocess of decision making that sociality includes some crucial steps that includes strategy,determine key areas, data targeting, collecting and analysing data and turning insight intoactions. There are various types of business intelligence tool that are used in simple manner thathelp decision maker to take useful decision. In this data of Travelpac that support to analyse andascertain the different patter of travel by UK residents and other travellers. Apart this interestingfindings and appropriate recommendations about potential target segments are discussed in thisreport. ANALYSING DATA1.No of UK resident travels to different countries. There are total of 4271 UK resident that wish to travel in different countries such asAustralia, China, USA, South Africa, Bulgaria, Canada, India, France, Turkey, Italy. The belowmention charts describe the relation between these variable: CountriesNo. of UKresidentsBulgaria82South Africa27USA160Australia34China(Honkong)20Canada70India72Turkey 99France471Italy1961

BulgariaSouthAfricaUSAAustraliaChina(Honkong)CanadaIndiaTurkeyFranceItaly05010015020025030035040045050082271603420707299471196No. of UK residentsInterpretation: The above discussed graph shows total number of Travellers fromUnited kingdom to several locations. On the following X axis represent the number of countriespeople are travelling and Y axis shows the actual number of travellers (Shi, Lee and Whinston,2016). From the above table it has been analysed that there were 1231 UK resident that are travelling indifferent countries such as In Bulgaria there were 82 resident, 27 resident move to south Africa,160 people form UK moves to USA etc. It is observed that large number of resident move fromUK to France for different purpose like study, holiday, business etc. 2. Overseas resident travels to various countries in specific time.In UK there are large number of overseas resident living form a quite long period. Thesepeople travel to different countries according to their need and fulfilment of basic requirement.These people move in search of better study option, Holiday and VFR or sometime Transit andmiscellaneous purpose. CountriesNo. ofOverseasresidentsBulgaria41South Africa78USA301Australia188China (Honkong)742

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Using Data to Build Business Practice