Business Analytics, more than charts
Business or data analytics is the new skill of every company, is about transform the business to a data-driven operation.
There is a new method to make decision on business, and this is based the decisions on data, empowering the past operation to predict the future of the business, understanding the variables and aspects that impacts the business model.
Identify new scenarios and simulate the future operation is key to determine the next step on the business, using data with the business analytics methods enables the business to make better decisions, reduce the operation risk and increase the profitability.
Business Analytics Components
Business analytics should be a strategy to grow and drive the business, but it has an important components that enables the business to achieve more.
- Structured and unstructured data
- Data strategy
- Business questions
- Models and algorithms
- Business change willness