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2. Business Analytics is the process of turning
data into insights to enhance company
choices is known as business analytics. Some
of the methods used to extract insights from
data include data management, data
visualisation, predictive modelling, data
mining, forecasting simulation, and
optimisation.
WhatIsBusiness Analytics?
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3. Benefits Of Using A
Business Analytics Process
Data-driven
Decisions
Strategic
Planning
Visualization
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4. Using data to inform strategic business
decisions that are in line with objectives,
strategies, and initiatives is known as data-
driven decision-making.
Data-drivenDecisions
Identify
key areas
Collecting and
analyzing
Data targeting
Action Items
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5. Strategic planning is a process in which an
organization's leaders define their vision for
the future and identify their organization's
goals and objectives
StrategicPlanning
StrategyFormulation
StrategyImplementation
StrategyEvaluation
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6. Usually, visualisation goes well with
mindfulness and meditation. This procedure
can take many different forms, but it
frequently involves finding a peaceful area,
closing your eyes, calming your body, and
beginning to consider the experiences you
wish to have in life. During this procedure, it
would be beneficial to be as specific as you
can.
Visualization
Outcome
Visualization
Process
Visualization
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7. Components Of A Business
Analytics Process
Descriptive
Analytics
Predictive
Analytics
Prescriptive
Analytics
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8. The strengths and weaknesses of an organisation
can be determined with the aid of descriptive
analytics. Descriptive analytics may employ
metrics like year-over-year price fluctuations,
month-over-month sales growth, user count, or
total revenue per subscriber.
DescriptiveAnalytics
Traffic and
Engagement Reports
Aggregated Survey
Results
Financial Statement
Analysis
Progress to
Goals
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9. The practise of analysing data to predict future
outcomes is known as predictive analytics. To
uncover patterns that could possibly anticipate
future behaviour, the technique makes use of data
analysis, machine learning, artificial intelligence,
and statistical models.
PredictiveAnalytics
Forecasting
Marketing
Underwriting
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10. Utilising cutting-edge techniques and
technologies, prescriptive analytics analyses
data and content and suggests the best
course of action or plan going forward.
Simply put, it aims to provide a response to
the query, "What should we do?"
PrescriptiveAnalytics
Transportation Industry
Sales Industry
Health Industry
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