BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Another business challenge that’s leading to an increase in companies relying on business analytics to drive their strategy is that customers are becoming more fickle, and loyalty to products and services is rarer than ever before
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Environment
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Competition
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Customers
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Explanation:
Detailed explanation-1: -Business analytics (BA) is a process that combines data, technology and skillset to inspect a company’s performance in order to get an insight into the company’s health. Business analytics help businesses take data-driven decisions through statistical modeling and other quantitative methods.
Detailed explanation-2: -Business analytics is used by companies committed to data-driven decision making. It is used to gain insights that inform business decisions and can be used to automate and optimize business processes. Data-driven companies treat their data as a corporate asset and leverage it for competitive advantage.
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