BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Change management
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Value the measurement
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Strategize business
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Help you know business
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Detailed explanation-1: -Business analytics aims to provide data and other information on a company’s business operations, which can be used to improve performance and make strategic decisions. Business analysts are responsible for analysing data and making it useful for decision-makers.
Detailed explanation-2: -Business analytics is a methodology or tool to make a sound commercial decision. Hence it impacts functioning of the whole organization. Therefore, business analytics can help improve profitability of the business, increase market share and revenue and provide better return to a shareholder.
Detailed explanation-3: -Specifically, business analytics refers to: Taking in and processing historical business data. Analyzing that data to identify trends, patterns, and root causes. Making data-driven business decisions based on those insights.