|
Business intelligence and analytics |
Business intelligence and analytics is a field of specialization in business that combines statistical methods and computer software applications to provide quantitative and qualitative insights. It includes areas like time trends, customer preferences, competitive analysis, consumer behavior, advertising trends, and so on. Business intelligence analytics cover almost all aspects of data-management and data-business Processes used by enterprises around the world. The aim of this discipline is to support decision-making in organizations. Business intelligence and analysis solution was first introduced by The Boston Consulting Group in 1988 and has gained immense popularity and strength since then.
Business intelligence analytics is a combination of statistical methodologies and computer applications used to support business decisions. These methods help in the identification, evaluation, and prevention of errors in decision-making. Business intelligence and analytics aim at improving business performance through a better understanding of the existing and potential problems in current operations and future prospects by detecting and analyzing hidden trends before they become serious problems. Business Intelligence and Analytics helps to make better decisions for organizations by providing data that enables organizations to make informed decisions for solving business problems.
Data gathered through Business analytics helps to make better decisions and understand the business context in a better way. Moreover, the data can be collected by Business analytics through various different techniques such as surveys, questionnaires, case studies, analytical drawing, case study presentation, and visual representation techniques. Visual representation is one of the most important tools used in business intelligence analytics and visual representation is a valuable tool used in all fields. Furthermore, the use of business intelligence analytics helps to make better decisions and understand the business context better. Data obtained through business intelligence analytics helps to make better decisions and understand the business context better.
Comments
Post a Comment