BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Business Intelligence
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Data Warehousing
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Cloud Computing
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Business Analytics
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Internet of Things
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Detailed explanation-1: -Business analytics is the practice of transforming data into business insights to allow for better decision-making.
Detailed explanation-2: -In a nutshell, analytics is the scientific process of transforming data into insight for making better decisions.
Detailed explanation-3: -Business analytics (BA) is a set of disciplines and technologies for solving business problems using data analysis, statistical models and other quantitative methods. It involves an iterative, methodical exploration of an organization’s data, with an emphasis on statistical analysis, to drive decision-making.
Detailed explanation-4: -Analytics is defined as “a process of transforming data into actions through analysis and insight in the context of organizational decision making and problem-solving.” Analytics is supported by many tools such as Microsoft Excel, SAS, R, Python(libraries).
Detailed explanation-5: -What are business analytics? The scientific process of transforming data into insight for making better decisions. Uses techniques that create models indicating the best decision to make or course of action to take.