Business Analytics
Using Analytics as a Competitive Advantage
What is Business Analytics and why is it important in leading companies, enterprises and organisations?
Analytics is reshaping industry competition and organizations’ core businesses at an accelerating pace. In McKinsey Global Survey 2017, respondents say that the changes data and analytics have brought to their industries are growing in both magnitude and scope. Across industries, the use of analytics is increasingly changing the nature of competition in the industries significantly.
Transformational uses of analytics have been applied across major industries from education, entertainment and hospitality, financial services, health care, retail, supply chain, transportation, manufacturing and information technology sectors. These approaches have had a direct impact on the business outcomes.
Analytics plays a crucial role across industries and within the organisations. From identifying business opportunities, gaining deeper insights, making data driven decisions, ensuring adoption, growing capabilities, analytics plays a vital role in impactful business outcomes. Understanding the strengths (and limitations) of Analytics empowers the next generation of IT and business professionals to maximize the use of Analytics and ensure the best outcomes for the organisations they work in.