BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Data analytics help to improve business management by helping leaders assess the effectiveness of current workflows, analyze the outcomes of the processes, automate new workflows, and refine them over time. Data also allows leaders to determine if processes are burdensome, draining the budget, or challenging to use.

Detailed explanation-2: -Business analytics is the process of transforming data into insights to improve business decisions. Data management, data visualization, predictive modeling, data mining, forecasting simulation, and optimization are some of the tools used to create insights from data.

Detailed explanation-3: -The four most popular types of business analytics are descriptive, diagnostic, predictive, and prescriptive.

Detailed explanation-4: -Whereas BI studies historical data to guide business decision-making, business analytics is about looking forward. It uses data mining, data modeling, and machine learning to answer “why” something happened and predict what might happen in the future.