BACHELOR OF BUSINESS ADMINISTRATION

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BUSINESS ADMINISTRATION

BUSINESS ANALYTICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The scientific process carried out to extract insight from raw data for decision making purposes is called ____
A
Business Intelligence
B
Data Warehousing
C
Cloud Computing
D
Business Analytics
E
Internet of Things
Explanation: 

Detailed explanation-1: -Data analytics is the science of analyzing raw data to make conclusions about that information.

Detailed explanation-2: -Data analysis is the process of cleaning, changing, and processing raw data and extracting actionable, relevant information that helps businesses make informed decisions.

Detailed explanation-3: -"INFORMS defines analytics as the scientific process of transforming data into insight for making better decisions.

Detailed explanation-4: -The process of analyzing data that helps extract information other than that offered by raw data is data mining. It is a process of analyzing data to discover patterns, trends, and associations between variables.

Detailed explanation-5: -There are four types of analytics, Descriptive, Diagnostic, Predictive, and Prescriptive.

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