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What is Business Analytics?

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  • What is Business Analytics?

    Analytics is the systematic computational analysis of data. In the simplest sense, Analytics is Applied Business Statistics.Statistics is a collection of methods for planning experiments, obtaining data, and then organizing, summarizing, presenting, analyzing, interpreting, and drawing conclusions to understand underlying macro trends.

    Applied statisticians apply their knowledge of statistical methods to a variety of subject areas, such as biology, economics, engineering, medicine, public health, psychology, marketing, and education.

    Get a brief explanation on History of Analytics & detailed information on Competencies for an Analyst, Future and Careers in Analytics and Business Analytics Course.

    Last edited by megri; 09-22-2014, 09:34 AM.

  • #2
    Benefits Of Business Analytics


    • Improving the decision-making process ( quality & relevance)
    • Speeding up of decision-making process
    • Better alignment with strategy
    • Realizing cost-efficiency
    • Responding to user needs for availability of data on a timely basis
    • Improving competitiveness
    • Producing a single, unified view of enterprise information
    • Synchronizing financial and operational strategy
    • Increase revenues
    • Sharing information with a wider audience

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