Using analytics to get insights from your data you have is one of the good ways to improve your business. However , to do so you need to stick to few reporting and stats principles.

Credit reporting is about organizing existing information into a digestible, useful format while analytics should go deeper to find insights in how business operations are functioning or perhaps what may be improved. To do this, it requires injecting organization expertise in to the interpretation of data.

This is where the integrity of analytic conversation becomes essential. Integrity in analytic communication is based on epistemological modesty, meaning that analysts should refrain from overstating their studies and concern. It is easy to generate errors in data evaluation, even when we are very careful. This can cause misinterpretations, and it can possibly cause an audience to apply the results of your analysis in regimes that they will be not valid for.

Keeping this in mind, there are some overarching reporting and analytics rules that all business leaders should certainly follow. Included in this are: