Data aggregation is any procedure that brings data together and presents it in a summarized form, and it is often performed before statistical analysis.
FREMONT, CA: Raw data is acquired and produced in summary for statistical analysis in the data aggregation process. Data aggregation can be done manually or with the help of automated data aggregation tools. New data, for example, can be aggregated over time to produce statistics like sum, count, average, minimum, and maximum.
Users can evaluate the aggregated data to acquire relevant insights about specific resources or resource groupings after the data has been aggregated and written for viewing or report.
What is Data Aggregation
Any procedure that involves collecting data and expressing it in a summary form for purposes like statistical analysis is known as data aggregation. It’s critical to gather high-quality, reliable data in sufficient quantities to produce reliable results. Data aggregation is helpful for various purposes, including financial and corporate strategy decisions and the product, pricing, service, and marketing plans.
Business intelligence (BI) solutions include data aggregation. Data aggregation personnel or software search databases identify relevant search query data and provide it to the end-user or application in a summarised, understandable, and beneficial format.
Data aggregation is typically used with massive data or data marts that don’t deliver sufficient information value in their entirety.
Data aggregation in marketing
Data aggregation in marketing is typically derived from the marketing initiatives and the various channels companies use to market to their clients.
For example, if they are running a campaign, they will notice that there are numerous elements to consider increasing sales. Users may look at how a campaign performed over time and with various cohorts by aggregating the data from that campaign.
Data aggregation in the retail industry
Data aggregation can be used in different ways in retail and e-commerce businesses. The first is price monitoring in a competitive environment. To be successful in the e-commerce and retail arena, companies must conduct competitive research.
Companies must be aware of the challenges they will encounter. As a result, businesses must constantly obtain up-to-date information on their competitors’ product offerings, promotions, and pricing.
Data aggregation in the travel industry
In the travel sector, data aggregation can be utilized for a variety of objectives. Competitive price monitoring, competitor research, market intelligence, customer sentiment analysis, and recording photographs and descriptions for the services on their online travel sites are just a few of the things they perform.
As the online travel market is so competitive, data aggregation, or its absence, can define or damage a travel business.