BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Business Analytics can aid in efficient decision making because
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various tools are used
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a proper evaluation is done with required analysis
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it is emerging
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mangers like to use new terminology
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Explanation:
Detailed explanation-1: -Better business decisions Data analytics allows Executives to make decisions based on statistical facts. Those facts can be used to guide choices about future company growth by evaluating a long-term view of the market and competition.
Detailed explanation-2: -One benefit big data and business analytics can help improve decision making is by identifying patterns. Identifying problems and providing data to back up the solution is beneficial as you can track whether the solution is solving the problem, improving the situation or has an insignificant effect.
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