UPI vs Digital Wallet: What’s the Difference?

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In today's digital age, people don't like to carry cash. Now everything has become online - whether it is shopping, paying bills or transferring money. The two most popular digital payment options in India are UPI (Unified Payments Interface) and Digital Wallet. Many people consider these two to be the same, but in reality their working method, features and benefits are different. In this blog, we will learn in detail what UPI and digital wallet are, how they work, and what are the main differences between them. What is UPI? The full form of UPI is Unified Payments Interface. It was launched by NPCI (National Payments Corporation of India) in 2016. UPI is a system through which you can transfer money directly from your bank account to another person's bank account - that too without entering IFSC code, account number, just by mobile number or UPI ID. Main advantages of UPI: Send or receive money directly from your bank Real-time transactions Available 24x7 ...
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How can data visualization help in decision-making?

 



One of the most effective ways that data visualization may greatly improve decision-making is by:

Giving data a clear and succinct representation: Complex information may be rapidly conveyed through visuals, making it simpler to comprehend and interpret.



Finding patterns and trends: Trends, outliers, and correlations that can go unnoticed when looking at raw data can be found by visually analyzing the data.

Communication facilitation: You may collaborate and reach consensus with others by using visuals to convey your views and discoveries.

Encouraging data-driven decision-making: You can make better judgments based on facts rather than guesswork or gut feeling when data is presented in a visual way.



The following are some instances of how decision-making might benefit from data visualization:

Business: Examining market trends, consumer behavior, and sales data to find possibilities for expansion or development.




In healthcare, illness outbreaks are detected, patient outcomes are tracked, and resource allocation is optimized.

Finance: Making wise financial decisions by examining stock prices, market trends, and risk considerations.




Education: Analyzing student performance, identifying learning gaps, and personalizing instruction.
In essence, data visualization serves as a bridge between raw data and actionable insights, empowering you to make more informed and effective decisions.


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