BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Business analytics and business analysis are often considered interchangeable terms, but they hold slightly diverse meanings. The aim of business analytics is data and reporting-examining past business performance and forecasting future business performance.

Detailed explanation-2: -Business analysis is more concerned with functions and processes, while business analytics covers data and reporting. Still, many organizations use the terms interchangeably.

Detailed explanation-3: -business intelligence. The terms business intelligence (BI) and business analytics are often used interchangeably.

Detailed explanation-4: -According to Merriam Webster, analysis is the division of a whole into small components, and analytics is the science of logical analysis. While analysis looks backward over time and works on the facts and figures of what has happened, analytics work towards modeling the future or predicting a result.

Detailed explanation-5: -Analytics and statistics share a common thread: they both use statistical procedures and analyses. However, unlike statistics, the analytics scientist often deals with analyses where there is no assumed null hypothesis, and subsequently employs machine learning algorithms in the analyses.