In what way does analytics help the manager in their business operations?
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Q: Explain the limitations of the Gantt Cart as a planning tool
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Solved in 2 steps
- Identify the various business scenarios in which can be business analytics applied?Describe the concept of business intelligence and how it is used at the operational and managerial levels of an organization.In your view, which of these two terms—business intelligence or analytics—best describes the primary distinction between the two?
- Compare the framework for business analytics and data value chain. What are the advantages of performing the different types of analytics in an organization?What differentiates business intelligence and analytics?How do real-time analytics in CRM systems help in making instantaneous business decisions?
- When analyzing and preparing data, what strategies work best?What are your thoughts on the evolution of business analytics?What are the differences between descriptive, predictive, and prescriptive analytics? Explain in detail with examples how each of these can be useful in the current business world.