Definition of 'Aggregation'
There are a number of different ways to aggregate data. One common method is to use a pivot table. A pivot table allows you to summarize data from multiple columns into a single table. For example, you could use a pivot table to summarize sales data by product category, region, and time period.
Another common method of aggregation is to use a data warehouse. A data warehouse is a central repository for data from multiple sources. This makes it easy to access and analyze data from different systems.
Aggregation can be a powerful tool for businesses. It can help businesses to identify trends, make better decisions, and improve their bottom line.
Here are some specific examples of how aggregation can be used in business:
* A retailer can use aggregation to track sales by product category, region, and time period. This information can be used to identify which products are selling well and which products are not. The retailer can then use this information to make decisions about inventory, pricing, and marketing.
* A bank can use aggregation to track customer deposits and loans. This information can be used to identify customers who are at risk of default. The bank can then use this information to take steps to prevent default, such as offering financial counseling or loan modifications.
* A government agency can use aggregation to track crime data. This information can be used to identify crime hotspots and develop strategies to reduce crime.
Aggregation is a valuable tool for businesses of all sizes. It can help businesses to make better decisions, improve their bottom line, and serve their customers better.
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