Business Analytics is a systematic and methodical presentation of data of any organization which is driven out of statistical and numerical analysis. Business analytics is a method which is used by the majority of companies today in order to make decision making effective and efficient. Thus, Business analytics course is a course which helps the students to learn the need and use of business analytics.
Business Analytics serves as a systematic process which is a combination of data analytics and Business Intelligence on the basis of which companies rely on their process of management, I.e. Planning for future goals, controlling the combination of capital and manpower, organizing the process in an efficient way possible, coping up with future-oriented goals and making analysis on the basis of Business Analytics.
Business Analytics is a continuous process which involves collection, processing and analysing the business data and operations, and with the help of statistical models and ideologies, transforming the outcome into business insights. The insights lead to improve the efficiency of the organization to achieve its objectives and early adaption of prone to complications. So, Business Analytics is a systematic presentation of data through which the company achieve their goals and get first-mover advantage in the industry.
Business Analytics prepares students In developing their skills in making business strategies and formulating plans of how to conduct a systematic analysis of organization data and evaluating the best possible outcome that will lead to achieving organizational objectives. Business Analytics is a subset of Business intelligence and specifically focuses on implementing the identified goals into actions. Business intelligence is generally descriptive in nature which provides tools and methods to identify, categorize and analyse raw data and compares with past and current operations.
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