By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    AI analytics
    AI-Based Analytics Are Changing the Future of Credit Cards
    6 Min Read
    data overload showing data analytics
    How Does Next-Gen SIEM Prevent Data Overload For Security Analysts?
    8 Min Read
    hire a marketing agency with a background in data analytics
    5 Reasons to Hire a Marketing Agency that Knows Data Analytics
    7 Min Read
    predictive analytics for amazon pricing
    Using Predictive Analytics to Get the Best Deals on Amazon
    8 Min Read
    data science anayst
    Growing Demand for Data Science & Data Analyst Roles
    6 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-23 SmartData Collective. All Rights Reserved.
Reading: Why Business Analytics is important for business more than ever NOW !!
Share
Notification Show More
Aa
SmartData CollectiveSmartData Collective
Aa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Data Management > Best Practices > Why Business Analytics is important for business more than ever NOW !!
AnalyticsBest PracticesPredictive Analytics

Why Business Analytics is important for business more than ever NOW !!

Sandeep Raut
Last updated: 2011/06/07 at 12:19 PM
Sandeep Raut
3 Min Read
SHARE
As the global political & physical barriers are collapsing, all the global markets are getting opened for businesses, creating a fierce  competition within companies to market their products, increase their revenues, grab most of the customers. Organization are not just worried about the profitability but also survival in this tsunami of Global reach.

As the global political & physical barriers are collapsing, all the global markets are getting opened for businesses, creating a fierce  competition within companies to market their products, increase their revenues, grab most of the customers. Organization are not just worried about the profitability but also survival in this tsunami of Global reach.

All along till now, Organizations were using business intelligence to get the information from the vast amount of data buried into various internal systems. But this is just information & decision makers had the reactive approach to deal with such situations e.g. North region is not meeting the revenue targets – so create some focused program to cover North region & so on.

This is where Business Analytics play !! Its not reporting of past data or what is happening now, but giving organizations the forward look at the business.

More Read

Data Ethics: Safeguarding Privacy and Ensuring Responsible Data Practices

Data Ethics: Safeguarding Privacy and Ensuring Responsible Data Practices

AI-Based Analytics Are Changing the Future of Credit Cards
Tips to Protect Office 365 Systems from Data Breaches
How Does Next-Gen SIEM Prevent Data Overload For Security Analysts?
5 Reasons to Hire a Marketing Agency that Knows Data Analytics

It can answers questions like :

  • how do we get more insights about our customers?
  • what if we change the price or service of the products ?
  • what will be the impact on our customers ?
  • How do we target our most profitable customers?
  • How do we detect frauds ?
  • which of the customers are likely to leave us in future?

Business Analytics is an extremely important area going across all the business domains. If you know in advance, which of the customers are likely to leave you, you can take measures to hit only those customers with right campaigns to retain them. there is no need for machine gun firing but a sniper is required in this case.

By looking at the future, Organizations can take proactive decisions and plan their business for maximum success.

So Business Intelligence can give you “Information” but Business Analytics gives you the “Knowledge” – TO ACT UPON !!!

In the next post I will talk about What is Business Analytics & its various components.

Sandeep Raut June 7, 2011
Share This Article
Facebook Twitter Pinterest LinkedIn
Share
By Sandeep Raut
Follow:
Founder & CEO at Going Digital - Digital Transformation, Data Science, BigData Analytics, IoT Evangelist

Follow us on Facebook

Latest News

Data Ethics: Safeguarding Privacy and Ensuring Responsible Data Practices
Data Ethics: Safeguarding Privacy and Ensuring Responsible Data Practices
Best Practices Big Data Data Collection Data Management Privacy
data protection for SMEs
8 Crucial Tips to Help SMEs Guard Against Data Breaches
Data Management
How AI is Boosting the Customer Support Game
How AI is Boosting the Customer Support Game
Artificial Intelligence
AI analytics
AI-Based Analytics Are Changing the Future of Credit Cards
Analytics Artificial Intelligence Exclusive

Stay Connected

1.2k Followers Like
33.7k Followers Follow
222 Followers Pin

You Might also Like

Data Ethics: Safeguarding Privacy and Ensuring Responsible Data Practices
Best PracticesBig DataData CollectionData ManagementPrivacy

Data Ethics: Safeguarding Privacy and Ensuring Responsible Data Practices

7 Min Read
AI analytics
AnalyticsArtificial IntelligenceExclusive

AI-Based Analytics Are Changing the Future of Credit Cards

6 Min Read
office 365 data protection
Risk Management

Tips to Protect Office 365 Systems from Data Breaches

9 Min Read
data overload showing data analytics
Big Data

How Does Next-Gen SIEM Prevent Data Overload For Security Analysts?

8 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai in ecommerce
Artificial Intelligence for eCommerce: A Closer Look
Artificial Intelligence
giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?