Sample Solution from
Business Analytics
3rd Edition
ISBN: 9780135231678
Chapter 1
Problem 1.1CYU
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Textbook Problem

Explain why analytics is important in today’s business environment.

Expert Solution
To determine

Explain the importance of analytics in today’s business environment.

Explanation of Solution

The business analytics are very useful for today’s business environment to determine the performance of organization and for its success. The analytics are used by organizations for improving activities like management of customer relationships, financial activities, human capital, marketing of products and supply chains. Also, the analytics are used for predicting the required outcomes and optimizing the profits. Hence, the analytics is important in today’s business environment.

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