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A common application of business analytics is portfolio analysis. In this, a bank or lending agency has a collection of accounts of varying value and risk . The accounts may differ by the social status (wealthy, middle-class, poor, etc.) of the holder, the geographical location, its net value, and many other factors.
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New technologies like AI are putting pressure on Asian executives to adapt—and many are feeling the strain. In some Asia-Pacific markets like India and Australia, the proportion of executives ...
Writing for the Harvard Business Review, [10] Davenport provides a summary of the three analytics maturity levels of any organization. Analytics 1.0 organizations are those where management has acquired the ability to rely on internal data for decision making, rather than mere intuition.
Analytics is the "extensive use of data, statistical and quantitative analysis, explanatory and predictive models, and fact-based management to drive decisions and actions." It is a subset of business intelligence , which is a set of technologies and processes that uses data to understand and analyze business performance to drive decision-making .
LinkedIn, the powerhouse professional platform, has evolved into the globe's premier hub for job seekers, networkers, and self-promoters alike.. But beyond being a virtual resume showcase, it ...
Prescriptive analytics is the third and final phase of business analytics, which also includes descriptive and predictive analytics. [2] [3] Referred to as the "final frontier of analytic capabilities", [4] prescriptive analytics entails the application of mathematical and computational sciences and suggests decision options for how to take advantage of the results of descriptive and ...
Business analysis is a professional discipline [1] focused on identifying business needs and determining solutions to business problems. [2] Solutions may include a software-systems development component, process improvements, or organizational changes, and may involve extensive analysis, strategic planning and policy development.