Which phase involves conducting the necessary data analysis?

The Analyze phase is critical in the data analysis process because it is where the actual examination of the data occurs. During this phase, analysts apply various statistical methods and data visualization techniques to interpret the insights hidden within the datasets. This stage involves detailed assessments of the data patterns and trends, allowing for the extraction of meaningful conclusions that can drive decision-making.

The Analyze phase typically follows data collection and preparation and provides an opportunity to uncover relationships and factors that affect the business objectives. Understanding the insights gathered during this phase is essential, as it lays the foundation for making informed recommendations based on the data analysis, which will later be communicated in the Share phase.

In contrast, the other phases emphasize different aspects of the data analysis process. The Act phase focuses on implementing actions based on insights gained, the Prepare phase involves gathering and processing the data to make it suitable for analysis, and the Share phase revolves around communicating findings and insights to stakeholders. Thus, conducting the necessary data analysis specifically aligns with the Analyze phase.