By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData Collective
  • Analytics
    AnalyticsShow More
    data analytics in sports industry
    Here’s How Data Analytics In Sports Is Changing The Game
    6 Min Read
    data analytics on nursing career
    Advances in Data Analytics Are Rapidly Transforming Nursing
    8 Min Read
    data analytics reveals the benefits of MBA
    Data Analytics Technology Proves Benefits of an MBA
    9 Min Read
    data-driven image seo
    Data Analytics Helps Marketers Substantially Boost Image SEO
    8 Min Read
    construction analytics
    5 Benefits of Analytics to Manage Commercial Construction
    5 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
Latest News
data analytics in sports industry
Here’s How Data Analytics In Sports Is Changing The Game
Big Data
data analytics on nursing career
Advances in Data Analytics Are Rapidly Transforming Nursing
Analytics
data analytics reveals the benefits of MBA
Data Analytics Technology Proves Benefits of an MBA
Analytics
anti-spoofing tips
Anti-Spoofing is Crucial for Data-Driven Businesses
Security
ai in software development
3 AI-Based Strategies to Develop Software in Uncertain Times
Software
Aa
SmartData 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 analytics in sports industry

Here’s How Data Analytics In Sports Is Changing The Game

Advances in Data Analytics Are Rapidly Transforming Nursing
Data Analytics Technology Proves Benefits of an MBA
Data Analytics Helps Marketers Substantially Boost Image SEO
5 Benefits of Analytics to Manage Commercial Construction

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 analytics in sports industry
Here’s How Data Analytics In Sports Is Changing The Game
Big Data
data analytics on nursing career
Advances in Data Analytics Are Rapidly Transforming Nursing
Analytics
data analytics reveals the benefits of MBA
Data Analytics Technology Proves Benefits of an MBA
Analytics
anti-spoofing tips
Anti-Spoofing is Crucial for Data-Driven Businesses
Security

Stay Connected

1.2k Followers Like
33.7k Followers Follow
222 Followers Pin

You Might also Like

data analytics in sports industry
Big Data

Here’s How Data Analytics In Sports Is Changing The Game

6 Min Read
data analytics on nursing career
Analytics

Advances in Data Analytics Are Rapidly Transforming Nursing

8 Min Read
data analytics reveals the benefits of MBA
Analytics

Data Analytics Technology Proves Benefits of an MBA

9 Min Read
data-driven image seo
Analytics

Data Analytics Helps Marketers Substantially Boost Image SEO

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.

Removed from reading list

Undo
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?