Business Analytics

Starmix · Jul 4, 2023

If you want to operate a business make sure to know many things not only the physics and chemistry of businesses, likewise, business analytics. It might be hard but there is a guarantee of business survival and in the end, you will see your business shining like a star yielding much profit like a top-notch or a pro. When we talk about business analytics, it is the process of transforming the data of your business into insights that improve your decisions in your business. This data analytics management visualizes data, predicts your data, forecast,s and optimizes the total tools that will create insights from data.

These are the following benefits of business analytics: 1. Improved decision-making 2. Cost savings 3. Enhanced customer experience 4. Increased efficiency 5. Improved strategic planning. What can you say?

cherry123 · Jul 4, 2023

I agree with you that business owners need to know about the benefits of business analytics so that they can critically learn about it. it is important as one can use it to Improved decision-making

capri · Jul 4, 2023

A businessperson would want to be skilled in conducting business analytics with regard to the rate at which interested persons end up buying services or products after interacting with the same.
The findings deriving from such analytics would assist a businessperson to identify and implement any necessary remedial measures.

Starmix · Jul 4, 2023

cherry123 said:
I agree with you that business owners need to know about the benefits of business analytics so that they can critically learn about it. it is important as one can use it to Improved decision-making

Yes, you're so right, businessmen must utilize the relevance of business analytics so they can prepare for the worse. When they have this business analytics they can assure their businesses never go wrong.

cherry123 · Jul 4, 2023

Sure, this will be like a roadmap where one can easily assess where they are going it is when one of finding out quickly if your business is going right or left.

Starmix · Jul 4, 2023

That's so right they can adjust the urgency of their cash flow in case many will like to apply for a cash advance and it's one function of business analytics to check the data and ensure the data to be their active tool.

fcbetting · Jul 4, 2023

For me best analytics is account balance. If account balance show positive value, it is good. In case of negative something must be changed. This is just main thing and most important for me.

Etini Willie · Jul 4, 2023

Analysis of a business is very important before going into it. If possible, carry out statistical analysis and arm yourself with data/ information that would help you make good decisions. Careful analysis in business is a must.

Suba · Jul 4, 2023

I think business analytics will be very useful if applied to a business or company, but unfortunately not all business people understand how to do business analytics, such as compiling, sorting, processing and evaluating business data using statistical data.

Starmix · Jul 4, 2023

Suba said:
I think business analytics will be very useful if applied to a business or company, but unfortunately not all business people understand how to do business analytics, such as compiling, sorting, processing and evaluating business data using statistical data.

Businesses can do this by hiring an analyst and even an accountant can do this job. It could be programmed by a web programmer employed in a certain company. They could also hire a statistician to analyze the data of their sales and what to do next in case there is a fluctuating mood.

timewo · Jul 5, 2023

Business analytics are useful for large companies with more customers and higher revenues. Smaller businesses whose owner is not well connected find it extremely difficult to get any orders, so for them manual record keeping and analysis is sufficient

Authenticity101 · Jul 5, 2023

Business analytics is very important indeed. When you incorporate analysis in your business, you are able to know when to engage in any activity that is important to the business. Decision making is so easy when you have done your analysis.

Starmix · Jul 5, 2023

timewo said:
Business analytics are useful for large companies with more customers and higher revenues. Smaller businesses whose owner is not well connected find it extremely difficult to get any orders, so for them manual record keeping and analysis is sufficient

You are so right, only those big companies hire an analyst to do the data analysis of their outputs and data analysis on the necessary things to achieve and discard. Data recording and computing with the use of calculators are also effective, that was what was used in the past.

eldavis · Jul 6, 2023

One reason as to why many people loose out in their business is simply because they do not try to study everything they need to know about the business. They simply rush into it.

King Belieal · Aug 29, 2024

Business analytics presents a business organization with data driven information that would be very instrumental in decision making.

Starmix · Aug 29, 2024

eldavis said:
One reason as to why many people loose out in their business is simply because they do not try to study everything they need to know about the business. They simply rush into it.

Yes, you are so right on that. It will be a waste of money and effort managing a busines lacking skills.

Fidelia · Aug 30, 2024

There are so many tools and many KPIs for doing analysis for a business for different industries.

Business Analytics

Starmix

Popular

cherry123

Popular

capri

Somewhat Known

Starmix

Popular

cherry123

Popular

Starmix

Popular

fcbetting

Notable

Etini Willie

Notable

Suba

Notable

Starmix

Popular

timewo

Notable

Authenticity101

Somewhat Known

Starmix

Popular

eldavis

Very Familiar

King Belieal

Notable

Starmix

Popular

Fidelia

Notable

Connect With Us