LTDC Services Provide Business Analytics in Hyderabad. Business analytics is focuses on developing new insights and understanding the business performance based on data and statistical methods. Business analytics (BA) refers to the skills, technologies, practices for continuous iterative exploration and investigation of past business performance to gain insights and drive business planning.
Business Analytics is querying, reporting, online analytical processing (OLAP) and "alerts." In other words reporting, OLAP, it is alert tools can answer questions such as what happened. Business analytics depends on the data quality, skilled analysts who understand the technologies and the business, an organizational commitment to using data gain insights that inform business decisions.
It’s done in seconds with the magic of our Business Analytics Services which make us renowned brand for Business Intelligence And Analytics Company in India.
Specific types of business analytics include:
Descriptive analytics: This tracks key performance indicators (KPIs) to understand the present state of a business; which use data aggregation and business intelligence techniques to give insights about the historic period.
This analyses trend to data assess the likelihood of future outcomes; and which use statistical models and forecasting techniques to give us an idea about the possibilities in the future time period.
Which uses past performance to generate the recommendations about how to handle similar situations in the future. Use optimization and simulation techniques to suggest possible outcomes.
Prescriptive Analytics is mentioned above types of analytics helps you understand what has happened in the past, why it has happened, what could happen in the future based on the historical data and what actions have to be taken to:
- Optimize the resources
- Improve the sales and ROI
- Improve customer satisfaction
- Improve business planning and tackle uncertainty
- Answer the other business problems based on transactional data and benchmarking it with open source industry data.