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Data analysis is a significant element for the management of an organization to have a good understanding. Healthcare continues to weave data analytics into the fabric of care delivery and medicine (Ward et al., 2014). Although nursing leaders and managers need to understand the basics of data analysis, there is not necessary to be an expert in calculating the information but having a firm understanding of the results is essential (Waxman, 213). Translating data into usable information for effective decision-making is an important skill a nurse leader should acquire in their tool kit; the ability to use reliable data in financial decisions is an invaluable necessity.
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