Open AccessThe Need of Business Analytics in Today’s Scenario
Author(s) -
S. Yamini
Publication year - 2019
Publication title -
international journal of recent technology and engineering
Language(s) - English
Resource type - Journals
ISSN - 2277-3878
DOI - 10.35940/ijrte.d4333.118419
Subject(s) - analytics , data science , business analytics , computer science , focus (optics) , data analysis , work (physics) , business intelligence , big data , population , management science , knowledge management , business model , business , business analysis , marketing , data mining , engineering , sociology , mechanical engineering , physics , optics , demography
Analytics is having the huge potential to improve any business. Due to the increase in the technological developments, the data is collected, interpreted and analyzed everywhere. The power and the impact of the data is huge. Previously, the Managerial decisions were taken based on the experience or by the gut insights. But now, the Data Analytics is made it easy to improve the possibilities of making better decisions based on data. The primary focus of this research article is to summarize about how to work with data to make better managerial decisions. This article introduces about the statistical concepts in the right flow which will drive to inferences about the population regardless of the tools used.