Business
Analytics
Business Analytics
Business analytics (BA) can be defined as a
process beginning with business-related data
collection and consisting of sequential
application of descriptive, predictive, and
prescriptive major analytic components, the
outcome of which supports and demonstrates
business decision-making and organizational
performance.
Types of analytics
Analytics
Business Analytics (BA)
Business Intelligence (BI)
Analytics -What is happening, and what will be
happening?
Business Intelligence -What is happening
now, and what have we done in the past to deal
with it?
Business Analytics -What is happening now,
what will be happening, and what is the best
strategy to deal with it?
Business Analytics basics.pptx

Business Analytics basics.pptx

  • 1.
  • 2.
    Business Analytics Business analytics(BA) can be defined as a process beginning with business-related data collection and consisting of sequential application of descriptive, predictive, and prescriptive major analytic components, the outcome of which supports and demonstrates business decision-making and organizational performance.
  • 3.
  • 4.
    Analytics Business Analytics (BA) BusinessIntelligence (BI) Analytics -What is happening, and what will be happening? Business Intelligence -What is happening now, and what have we done in the past to deal with it? Business Analytics -What is happening now, what will be happening, and what is the best strategy to deal with it?