2. Why Are Business Analytics Important?
Chapter objectives:
• Explain why business analytics are important in solving business problems.
• Explain why business analytics are important in identifying new business initiatives.
• Describe the kinds of questions business analytics can help answer.
• Explain how business analytics can help an organization achieve a competitive advantage.
• Explain different types of competitive advantages and their relationship to business analytics.
• Explain the importance of business analytics for a business organization.
2.1. Introduction
Telecommunication and information systems are collecting data on every aspect of life with incredible rates of speed and comprehensiveness. In addition, businesses are running ...
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