How Business Analytics Is Changing Traditional Business Models
In the fast-paced world of business, successful data leverages the foundation for remaining competitive. Business analytics, empowered by data science, stands at the vanguard of the revolution it has been causing for companies in terms of actionable insights that help refine strategies and operational efficiency in the best possible decision-making practices. Innovative business models, which relied on intuition or were limited only by historical data a few years ago, are being disrupted and revamped with advanced analytics. Not only do these processes strengthen decision-making, but they also change each piece of the business operations puzzle-to-scale-from marketing to the finance department and from supply chains to customer service.
