Friday, December 4, 2020

What Is Business Analytics? Explain



Business analytics combines the fields of management, business and computer science. The business aspect entails both a high-level understanding of the business as well as the practical limitations that exist. The analytical part involves an understanding of data, statistics and computer science. This combination of fields allows business analysts to bridge the gap between management and technology. Effective communication and problem-solving are also elements of business analytics to translate insights from data to information that is easily communicated to executives. Business intelligence is a related field that also uses data to help understand and inform a business. What is the difference in goals of business analytics compared to business intelligence? Though both fields use data to answer questions business intelligence aims to understand what has happened in an organization to get to where you are. This includes measuring and tracking key performance indicators (KPIs.) Busines

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