Digital data is the perfect way to paint a panoramic picture of many vital areas of business performances which opens a whole window of insight. Using these insights businesses can create enhanced business strategies that can guarantee ongoing commercial success to them. In the past decade data has exploded and become big with access to the cloud and business analytics has stepped into this landscape by giving a comprehensive perspective of data. We will look into examples of business analytics in this article but first, let us understand what is business analytics and the role of business analytics in today’s business scenario.
Business analytics is the process by which we apply maths and statistics to data which helps in deriving meaning out of it. This means data can then help to make business decisions and drive more profit to the companies. The benefits of business analytics are manifold; it helps in interpreting data and also predicting and forecasting. Here is a brief list of the major gains business analytics brings to the table:
Now we will look at the top 10 examples of business analytics. These business analytics examples have been taken across industries and many are real-life examples of business analytics.
If you have a business that involves a huge amount of customer data and you feel you are unable to use this to increase profitability then business analytics is going to give you immense gains. BA can help you unite all your data and help you understand what should be your next steps to increase sales and grow your customer base.
It is also important to find the right place to learn and become proficient in all these skills and languages. Jigsaw Academy, recognized as one of the Top 10 Data Science Institutes in India, is the right place for you. Jigsaw Academy offers an Integrated Program In Business Analytics for enthusiasts in this field. The course runs for 10 months and is conducted live online. Learners are offered a joint certificate by the Indian Institute of Management, Indore, and Jigsaw Academy.