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Anonymous Asked in Cars &Transportation · 2 weeks ago

How data and analytics will change business?

Contents
  1. How does data analytics contribute to business?
  2. What is the impact of analytics in a business?
The information discovered from the analytics solution can be used in various effective ways to enhance business across industries. Big data analytics supports businesses to reshape their interactions with customers, market products more effectively, and drive more revenue.


How does data analytics contribute to business?

Inform business decision-making Enterprises can use data analytics to guide business decisions and minimize financial losses. Predictive analytics can suggest what could happen in response to changes to the business, and prescriptive analytics can indicate how the business should react to these changes.

What is the impact of analytics in a business?

Business analytics can help companies make better, more informed decisions and achieve a variety of goals. By leveraging data, businesses can: Better understand consumer behavior. Gain insight into their competitors.

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