What are the purposes and distinguishing characteristics of business analytics?

Question:

What are the purposes and distinguishing characteristics of business analytics?

Business Analytics:

Economists often say that the whole point of an economy is to allocate scarce resources. Private firms allocate resources to maximize profit which also minimizes the waste of resources. Firms want to get the most of what they have just as consumers do.

Answer and Explanation:

Business analytics varies from other forms of analytics in that it seeks to provide insights into business decision making. This is different than...

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What is Big Data Analytics? - Definition & Examples

from Business Analysis Training

Chapter 3 / Lesson 19
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