BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Analytics
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Culture
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Technology
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Transformation
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Detailed explanation-1: -When the ‘culture of analytics’ is there, employees ‘naturally’ use data and insights to support their decisions and improve business performance. They define and attach quantifiable success criteria to all those important and measurable activities and decisions.
Detailed explanation-2: -Digging deep into the numbers can reveal important trends across departments or the enterprise. You may find that productivity lulls have reasons behind them. It could also provide insights on onboarding and if it’s effective enough to enable new staff to work at a high level.
Detailed explanation-3: -Data-driven decision-making (DDDM) is defined as using facts, metrics, and data to guide strategic business decisions that align with your goals, objectives, and initiatives.