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Questions and Answers
What is the main focus of business data analytics?
What is the main focus of business data analytics?
- Predicting future market trends based on historical data
- Implementing business strategies without data analysis
- Collecting data without analyzing it for business purposes
- Analyzing business data to gain insights and make informed decisions (correct)
What does the evolution of business data analytics refer to?
What does the evolution of business data analytics refer to?
- The decline in the use of data analytics in modern business
- The development and advancement of data analysis techniques over time (correct)
- The shift from data analysis to data collection in business operations
- The transition from qualitative to quantitative business methods
What is the scope of business data analytics?
What is the scope of business data analytics?
- Utilizing data to optimize business processes and enhance decision-making (correct)
- Ignoring data analysis in favor of intuition-based decision-making
- Exclusively focusing on financial data analysis
- Applying data analysis only to marketing strategies
What is the importance of data-driven decision making in modern business environment?
What is the importance of data-driven decision making in modern business environment?
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What is the scope of business analytics in real life scenario?
What is the scope of business analytics in real life scenario?
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What do you mean by business analytics?
What do you mean by business analytics?
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Explain the importance of business analytics in the manufacturing industry.
Explain the importance of business analytics in the manufacturing industry.
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How and when did data analytics evolve in business?
How and when did data analytics evolve in business?
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