Business analytics has the capability to enable business owners, strategic marketing professionals and even business managers to analyze and simply understand business opportunities. This is an area that requires the application of quantitative methods as well as data that is evidence-based so as to model business activity and aid in the decision-making process. Data analytics surely leads to take the most accurate decisions and highly predictable results.
Business Analysis can be a complex and intricate process. With the help of business analytics, the telecom service providers can segment their customer base on the basis of various conditions. MARKETING – Application of analytics in marketing has grown by leaps and bounds.
The financial plans of any firm or business depends on the accounting objectives. The tangible assets are, in short, very useful assets of any business organization. Opportunity cost analysis can be defined as the viable options that are made available to choose as the next best option to carry on with certain business operations.
Gross sales do not take into account the discounts offered by the company and neither does it include the expenses incurred in carrying out the business. During the training, you will learn about the actual meaning of business analytics and its importance in industry.
In 2005, more companies are requiring their executives to make decisions based on savvy use of business analytics software. Current Business analytics software incorporates tools and applications for tracking, modelling, analysing and delivering data in support of decision-making processes.