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Business analytics (BA) refers to the skills, technologies, and practices for iterative exploration and investigation of past business performance to gain insight and drive business planning. Business analytics focuses on developing new insights and understanding of business performance based on data and statistical methods .
Thomas Davenport, professor of information technology and management at Babson College argues that business intelligence should be divided into querying, reporting, Online analytical processing (OLAP), an "alerts" tool, and business analytics. In this definition, business analytics is the subset of BI focusing on statistics, prediction, and ...
analytic reporting; business dashboards; analytic applications; It may extend further to predictive analytics, or predictive analysis may form part of the analytic application - depending on both the subject matter under analysis, and the nature of the analysis required. Analytic applications are typically described as a subset of performance ...
HR analytics is the application of analytics to help companies manage human resources. [16] HR analytics has become a strategic tool in analyzing and forecasting human-related trends in the changing labor markets, using career analytics tools. [17]
OLAP tools enable users to analyse multidimensional data interactively from multiple perspectives. OLAP consists of three basic analytical operations: consolidation (roll-up), drill-down, and slicing and dicing. [6]: 402–403 Consolidation involves the aggregation of data that can be accumulated and computed in one or more dimensions. For ...
Business Process Analysis is an invaluable tool for any business looking to improve efficiency, reduce cost, and maximize productivity. It is a comprehensive and systematic approach to understanding how a business operates and identifying opportunities for improvement.
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