What exactly is business analytics, and what is its goal in terms of producing value from data?
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What exactly is business analytics, and what is its goal in terms of producing value from data?
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- Where do the data for business analytics come from? What are the sources and the nature of those incoming data?It's the key distinction between business intelligence and analytics that makes the two distinct from each other.What are the differences between business intelligence and business analytics? Why would one choose one over the other if a decision were made not to employ both?
- What are the differences between descriptive, predictive, and prescriptive analytics? Explain in detail with examples how each of these can be useful in the current business world.What is the primary distinction between business intelligence and analytics?1. What is your definition of Business Analytics?
- What is the role of data analytics in business? Who is responsible for performing data analytics? How is data analytics performed?In your view, which of these two terms—business intelligence or analytics—best describes the primary distinction between the two?What are the three categories of business analytics? What is the quantitative analysis process? Give several examples of this process.