INTRODUCTION: Modernization and efficiency are essential in the face of the prevailing climate of fierce competition in today’s world of business. The salary packages offered to them by the top companies clearly indicates the significance of data analytics in these big entities. Business analytics is a wide area that covers the analysis of data using operations research and statistical analysis. Given that data will only get bigger, the only (true) option is for businesses to become efficient at processing and managing the deluge of information.
It offers recognition from your peers and there is better probability of gaining promotions and climbing the corporate ladder in a reputed company as part of the data analysis industry. DANAOS Business Analytics is all about Cognitive Understanding as it transforms raw data intoÂ useful information and content into context.
The career path of a business analyst is not strictly defined as there are several options based on industry, qualifications, interests, preferences etc. With changing business landscapes, various companies are making heavy investment in business analytics in order to make better business decisions, getting help from raw facts and figures generated from the past.
Many businesses still rely on ineffective, time-consuming traditional techniques for decision making processes that cannot keep pace with the competition. Business analytics are used by banking, online, telecommunications and other thriving industries and sectors.
Business analytics uses statistical analysis and statistical techniques to forecast the conditions of the market and how it will affect business activities. The software companies optimize returns on business intelligence and analytics through identification of opportunities in building operational efficiencies.