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Group 5 - Business Analytics Report
Group 5 - Business Analytics Report
condition of a occurrence.
business.
BUSINESS DATA BUSINESS
ANALYTICS SCIENCE INTELLIGENCE
DATA SCIENCE
AN ANALYTIC APPLICATION AND RESEARCH BY MEANS OF STATISTICS,
SCIENTIFIC TECHNIQUES, ARTIFICIAL INTELLIGENCE, AND DATA ANALYSIS, TO
EXTRACT VALUABLE INFORMATION FROM DATA.
Importance of data science
Business Intelligence for Making Smarter
Decisions
Making Better Products
Managing Businesses Efficiently
Predictive Analytics to Predict Outcomes
Leveraging Data for Business Decisions
Assessing Business Decisions
Automating Recruitment Processes
Data science Venn Diagram
Drew Conway
Hacking Skills/ IT
Hacking requires great coding skills. Coding is important
because it helps you to gather and prepare the data because a lot of
data is unstructured or present in unusual formats.
Math and Statistics Knowledge
After collecting and preparing the data, now comes the part of
extracting the insights from it. Mathematics is important for analyzing
the data.
Domain Expertise
For applying Data Science, you need to have an understanding
of the right questions to ask to collect the data and discover insights
from it.
BUSINESS ANALYTICS:
BUSINESS INTELLIGENCE
TECHNOLOGY-DRIVEN PROCESS FOR ANALYZING DATA AND DELIVERING
ACTIONABLE INFORMATION THAT HELPS EXECUTIVES, MANAGERS AND
WORKERS MAKE BUSINESS DECISIONS. -TECHTARGET
1 2
TECHNICAL SET OF TOOLS THAT
SOFTWARE USED TO PROVIDE INSTANT
TRANSFORM DATA ACCESS TO
INTO CONCRETE COMPREHENSIVE
INSIGHTS INSIGHTS
TYPES OF BUSINESS
INTELLIGENCES
DATA
MINING
THROUGH DATABASES, STATISTIC AND
MACHINE LEARNING TO SEE WHAT
ARE THE TRENDS IN LARGE
QUANTITIES OF DATA
REPORTING
PROVIDES PERFORMANCE
AND COMPETITOR
ANALYSES SO THAT THE
BUSINESS CAN RUN
SMOOTHER AND
EFFICIENTLY
ANALYZE
EASILY IDENTIFY WAYS TO
INCREASE PROFIT CUSTOMER
BEHAVIOR
DATA COMPARISON
PERFORMANCE
AGAINST
TRACKING
COMPETITORS
EFFICIENT OPERATIONS
DISCOVER PROBLEMS
INSIDE THE BUSINESS
RELATIONSHIP BETWEEN
BI AND BA
GIVES AN IDEA
WHAT THEY
WHAT ARE SHOULD BE
BI IS USED BY
SHOWS THE CURRENT DONE TO
ANALYSTS TO
DESCRIPTIVE AND CREATE
PREDICT THE
ASPECTS HISTORICAL BETTER
FUTURE
DATA OUTCOMES
FOR
BUSINESSES
TL:DR
EXPLAIN TO TO ME LIKE
IM 5 YEARS OLD
BASICALLY. IT IS THE TOOLS OR METHODS THAT ARE
USED BY COMPANIES TO SHOW THEM
WHAT HAS HAPPENED AND WHAT IS
HAPPENING.