What is Business Analytics - Stelios is our expert!
What if you could analyze your past business performances and results, and use that information to prepare for the future? Daily vast amount of roughly 2.5 quintillion bytes of data is being generated, but how can a company take advantage of this number and use it to improve itself?
Business analytics entails the analysis of data to create reports, predictive models, as well as the application of optimization techniques, and communicating the results to employees and customers. It utilizes a data-driven methodology to the business environment, and as such relying on statistics and data modeling to create insights for the business.
In today’s business environment, every organization is looking for a way to make their decision making more efficient and business analytics gives them that. What makes business analytics standout is the fact that it can be applied in several areas of a business and in most industries.
Importance of business analytics
Since modern problems require modern solutions, the industry is forced to face the inevitability of technological evolution.
By Stelios Zorbas, Business Analyst of our super team!
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