Top 10 Benefits of Business Analytics (Advantages)
Top 10 Benefits of Business Analytics (Advantages) Introduction Three methods of business analysis Why Is Business Analytics Important? Business Analytics Popularity T op 10 Benefits of Business Analytics Takeaway Introduction: Data is an invaluable asset that can be leveraged to grow your business, but only if you have the right expertise. There are software and easy-to-use tools, but turning data into something meaningful and purposeful is not easy- even for those who are not numbers-savvy. MicroStrategy ( Source ) reveals that most organisations that are using business analytics tools reap these benefits: 60% improvement in cost-efficiency and processes 57% improvement in strategy 52% improvement in monitoring and financial performance The latest research also suggests that 71% of businesses will enhance investment in business analytics over the next couple of years. Therefore, business analytics is a field that is growing by leaps and bounds with no signs of slowi...