Posted on: 17/08/2020 Posted by: Kageoni Comments: 0

In today’s world, most of the business owners are in need of a KICK- something that helps their companies grow. Cost benefit analysis is important because, it can help us decide what would be the total expenditure on a particular project along with the expected returns from it. Using this concept, it becomes easy to decide whether implementing the project will be a profitable deal for the organization or not.

For example, a company can claim that it made $100,000 in gross sales, but after deducting all the other factors, if the net sales come down to $75,000 and after subtracting the administration and marketing costs, the company may have made a profit of only $50,000.

BI Analysts have developed software tools for gathering & analyzing large quantities of unstructured data, such as dates, numbers, facts, email messages, word processing documents, videos, photos, audio files, presentations and many other types of business analytics

Today, the market needs to track more granular and sophisticated information to get a competitive edge; this is where maximum businesses still fail in procuring the right application and expertise to implement the analytics with extensive capabilities.

This classification depends on various factors, such as the nature of business of the entity, the tenure of benefit from the expense, and other accounting policies, followed by the respective organization as per the accepted policies of their analytics