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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.

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What is data analytics? Analyzing and managing data for decisions

CIO Business Intelligence

It comprises the processes, tools and techniques of data analysis and management, including the collection, organization, and storage of data. The chief aim of data analytics is to apply statistical analysis and technologies on data to find trends and solve problems. It is frequently used for risk analysis.

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Decoding Data Analyst Job Description: Skills, Tools, and Career Paths

FineReport

Descriptive analytics: Assessing historical trends, such as sales and revenue. Predictive analytics: Forecasting likely outcomes based on patterns and trends to facilitate proactive decision-making. Proficiency in programming languages such as R and SAS is essential for data gathering, cleaning, and visualization.

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Data science vs data analytics: Unpacking the differences

IBM Big Data Hub

Though you may encounter the terms “data science” and “data analytics” being used interchangeably in conversations or online, they refer to two distinctly different concepts. Meanwhile, data analytics is the act of examining datasets to extract value and find answers to specific questions.

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The Importance of Leveraging Analytics in Ecommerce Website Design

Smart Data Collective

The good news is that analytics technology is very helpful here. You can use analytics tools like Google Trends and keyword research tools to gauge the general interest in a particular niche. You can also use data mining technology to learn more about the niche and find out if it will be a good fit.

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What Is The Difference Between Business Intelligence And Analytics?

datapine

While some experts try to underline that BA focuses, also, on predictive modeling and advanced statistics to evaluate what will happen in the future, BI is more focused on the present moment of data, making the decision based on current insights. BI is looking in the rearview mirror and using historical data.

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Modernize Using The BI & Analytics Magic Quadrant

Rita Sallam

Again, check out the Critical Capabilities for BI and Analytic Platforms for how each vendor compares. Research VP, Business Analytics and Data Science. The post Modernize Using The BI & Analytics Magic Quadrant appeared first on Rita Sallam. Enjoy your summer!! Thanks for reading and stay tuned.