business-analytics

Vocabulary Word

Definition

'Business-analytics' can be thought of as the process of exploring and interpreting data related to a business. It's like a detective inspecting clues that help take smart business steps.

Examples in Different Contexts

Business analytics can have a significant impact on reducing operational costs, increasing revenue, and enhancing overall organizational efficiency.

Practice Scenarios

Business

Scenario:

Our new product hasn't been performing as well as we'd hoped. Perhaps we should have a closer look at our metrics.

Response:

Absolutely, let's employ business-analytics to identify the underperforming factors of our new product.

Tech

Scenario:

The drop in app usage is pretty concerning. Can we find out what's causing this?

Response:

I agree. We should use business-analytics to trace the root cause of the decline in app usage.