is the process of analyzing data from different sources and summarizing it into relevant information that can be used to help increase revenue and decrease costs. Its primary purpose is to find correlations or patterns among dozens of fields in large databases

Chap 1-3

Quiz
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Business
•
University
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Easy
GUTIERREZ, Y.
Used 7+ times
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39 questions
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1.
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1 min • 1 pt
2.
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is the presentation of data in a pictorial or graphical format. It enables decision makers to see analytics presented visually, so they can grasp difficult concepts or identify new patterns.
3.
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is the process of assessing the likelihood of an adverse event occurring within the corporate, government, or environmental sector.
4.
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are data management solutions implemented in companies and enterprises to collect historical and present data, while using statistics and software to analyze raw information, and deliver insights for making better future decisions
5.
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is a translation of the key characteristics of the business problem you are trying to solve
6.
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4 Types of business analytics
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
this type of analytics describes or summarizes a business’s existing data to get a picture of what has happened in the past or is happening currently
Descriptive
Diagnostic
Predictive
Prescriptive
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