data analytics vs business analytics
Data analytics focuses on examining raw data to uncover patterns, trends, and insights using statistical tools and techniques, while business analytics applies these insights specifically to drive business decision-making and strategy by assessing performance, forecasting outcomes, and identifying opportunities for improvement. Essentially, data analytics provides the foundational analysis, whereas business analytics contextualizes that data within a business framework to enhance operational efficiency and competitive advantage.
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01-Nov-2024 04:35 pm
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