BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Auditors
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Tax accountants
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Investment advisors
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Defense personnel
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Detailed explanation-1: -Data science comes to life to automate risk credit management. Take Alibaba’s Aliloan for instance. The automated online system disperses loans to online vendors that face the ordeal of obtaining loans.
Detailed explanation-2: -Accountants use data analytics to help businesses uncover valuable insights within their financials, identify process improvements that can increase efficiency, and better manage risk.
Detailed explanation-3: -Applying analytics to big data creates many opportunities for businesses to gain greater insight, predict future outcomes and automate non-routine tasks. It also provides opportunities for the accountancy profession to deliver greater value and to help businesses transform their decision-making in many different areas.
Detailed explanation-4: -Data analytics are used by accountants to do things like discern patterns in customer spending, identify market behavior, anticipate trends and predict regulatory reactions. Accountants who specialize in data analytics manage, analyze and mine multiple streams of data.