Data Analysis for Business Supports Fact-Based Decisions!
Business intelligence and analytics are necessary tools for every business today. No business manager or team member can make decisions in vacuum and business intelligence and analytics tools are key to fact-based, data-driven decisions that will ensure positive results, help the business to avoid missteps and critical errors and allow the enterprise to anticipate changes in the competitive landscape and in customer buying behavior.
Data analysis for business need not be complex or restrictive. New advances in the Business Intelligence Solution market have allowed businesses to open up previously restrictive data analytics tools and provide support for business users with average technical skills so every professional in the organization can leverage their area of expertise and apply that knowledge to data integrated from multiple sources to gain valuable insight into problems, identify opportunities and plan and forecast with confidence.
Business Intelligence examples include data and finance, marketing, sales, production, supply chain, manufacturing, HR, facilities management, competitive and third party intelligence and social media analysis. Data Analytics vs business analytics draws a fine line between the mountains of data and the business that must use that data to gain insights and better understand where the business is going and how to put strategies in place that will benefit the enterprise and its team in the short-term and the long-term.