article thumbnail

What is business analytics? Using data to improve business outcomes

CIO Business Intelligence

What is business analytics? Business analytics is the practical application of statistical analysis and technologies on business data to identify and anticipate trends and predict business outcomes. The discipline is a key facet of the business analyst role. Business analytics techniques.

article thumbnail

How Data Cleansing Can Make or Break Your Business Analytics

Smart Data Collective

A growing number of companies are developing sophisticated business intelligence models, which wouldn’t be possible without intricate data storage infrastructures. The Global BPO Business Analytics Market was worth nearly $17 billion last year. One of the biggest issues pertains to data quality.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Analytics Insights and Careers at the Speed of Data

Rocket-Powered Data Science

The vast scope of this digital transformation in dynamic business insights discovery from entities, events, and behaviors is on a scale that is almost incomprehensible. Traditional business analytics approaches (on laptops, in the cloud, or with static datasets) will not keep up with this growing tidal wave of dynamic data.

article thumbnail

A Guide To The Methods, Benefits & Problems of The Interpretation of Data

datapine

Yet, before any serious data interpretation inquiry can begin, it should be understood that visual presentations of data findings are irrelevant unless a sound decision is made regarding scales of measurement. For a more in-depth review of scales of measurement, read our article on data analysis questions.

article thumbnail

Data-Driven Organizations Must Use Talent Analytics Wisely

Smart Data Collective

Understanding HR Metrics HR metrics, also known as HR analytics or HR key performance indicators (KPIs), are quantitative measurements used to assess various aspects of an organization’s human resources function. Additionally, we will discuss how to effectively implement HR metrics to maximize their impact.

article thumbnail

Crucial Benefits of Collecting and Analyzing Data for Modern Businesses

Smart Data Collective

Obtaining pertinent data is now easier than ever for many businesses, with tools available for companies that can collect customer data throughout the customer journey, from the business website, social media, and in many other key areas.

article thumbnail

The Intricacies of Financial Analytics in the Event Industry

BizAcuity

Financial Analytics – An Outlook. In today’s world of competitive businesses, analytics is an essential part of staying competitive especially in this digital era where data is omnipresent. In all, financial analytics encompasses finance, controllership, accounting, investor relations and business partner roles.