Podcast
Questions and Answers
What does business analytics combine into one field?
What does business analytics combine into one field?
- Data, marketing strategies, statistical analysis, and computer-based models
- Data, information technology, statistical analysis, quantitative methods, and computer-based models (correct)
- Data, research methods, computer programming, and business intelligence
- Data, information technology, computer programming, and business performance
What is the primary purpose of business analytics?
What is the primary purpose of business analytics?
- To analyze consumer behavior using business intelligence and statistical analysis
- To enhance marketing strategies for businesses using computer-based models
- To develop new insights and understanding of business performance based on data and statistical methods (correct)
- To improve decision-making based on personal guesses rather than evidence
How is business analytics used by companies committed to data-driven decision-making?
How is business analytics used by companies committed to data-driven decision-making?
- To explore an organization's data with emphasis on statistical analysis (correct)
- To ignore statistical analysis and rely on intuition for decision-making
- To analyze data without considering statistical methods
- To solely rely on personal guesses for making decisions
Which technologies are used to solve business issues through the use of statistical models and data analysis?
Which technologies are used to solve business issues through the use of statistical models and data analysis?
What does business analytics refer to?
What does business analytics refer to?
What is the science of analyzing data to find out patterns that will be helpful in developing strategies?
What is the science of analyzing data to find out patterns that will be helpful in developing strategies?
What is the primary focus of analytics?
What is the primary focus of analytics?
What was the initial application of operations research?
What was the initial application of operations research?
How has management science evolved over time?
How has management science evolved over time?
What is one of the uses of business analytics in combatting fraud?
What is one of the uses of business analytics in combatting fraud?
What does business analytics enable businesses to study and foresee utilizing in the text?
What does business analytics enable businesses to study and foresee utilizing in the text?
What impact does business analytics have on the functioning of an organization based on the text?
What impact does business analytics have on the functioning of an organization based on the text?
What does business analytics aim to eliminate based on the text?
What does business analytics aim to eliminate based on the text?
What is the root of business analytics' evolution based on the text?
What is the root of business analytics' evolution based on the text?
What did management science evolve into based on the text?
What did management science evolve into based on the text?
What can businesses get insight into using business analytics, according to the text?
What can businesses get insight into using business analytics, according to the text?
Business Analytics combines data, information technology, statistical analysis, quantitative methods, and computer-based models to provide decisionmakers with all the possible scenarios to make a well-thought and researched ______.
Business Analytics combines data, information technology, statistical analysis, quantitative methods, and computer-based models to provide decisionmakers with all the possible scenarios to make a well-thought and researched ______.
Business analytics refers to the skills, technologies, and practices for continuously developing new insights and understanding of business performance based on ______ and statistical methods.
Business analytics refers to the skills, technologies, and practices for continuously developing new insights and understanding of business performance based on ______ and statistical methods.
Business analytics is the practice of exploration of an organization’s data with emphasis on ______ analysis.
Business analytics is the practice of exploration of an organization’s data with emphasis on ______ analysis.
A combination of data analytics, business intelligence, and computer programming, business analytics is the science of analyzing data to find out ______ that will be helpful in developing strategies.
A combination of data analytics, business intelligence, and computer programming, business analytics is the science of analyzing data to find out ______ that will be helpful in developing strategies.
Business analytics enables companies committed to data-driven decision-making to make decisions that are based on ______ rather than a guess.
Business analytics enables companies committed to data-driven decision-making to make decisions that are based on ______ rather than a guess.
Business analytics is used by companies committed to data-driven decision-making to provide insights into developing ______.
Business analytics is used by companies committed to data-driven decision-making to provide insights into developing ______.
DATA ANALYTICS is commonly thought of as the science of analysis that has been mechanized by a variety of clever statistical techniques and ______ learning algorithms.
DATA ANALYTICS is commonly thought of as the science of analysis that has been mechanized by a variety of clever statistical techniques and ______ learning algorithms.
Business analytics has been in existence since a very long time and has evolved with the availability of newer and better ______.
Business analytics has been in existence since a very long time and has evolved with the availability of newer and better ______.
Operations research was an analytical way to look at data to conduct ______ operations.
Operations research was an analytical way to look at data to conduct ______ operations.
Over some time, this technique started getting utilized for ______.
Over some time, this technique started getting utilized for ______.
Operations research evolved into ______ science.
Operations research evolved into ______ science.
Business operations frequently experience challenges that need to be resolved, which necessitates stopping all other business ______.
Business operations frequently experience challenges that need to be resolved, which necessitates stopping all other business ______.
This significantly lowers the rate of production and causes a large ______.
This significantly lowers the rate of production and causes a large ______.
Analytics are a tool the businesses utilize to maintain their client ______.
Analytics are a tool the businesses utilize to maintain their client ______.
Utilizing analytics in business also enables you to study current industry trends and ______ future ones, even before other businesses do.
Utilizing analytics in business also enables you to study current industry trends and ______ future ones, even before other businesses do.
It may lower the price associated with producing ______.
It may lower the price associated with producing ______.
