Business Analytics

Pronunciation: /ˈbɪznəs əˈnælətɪks/

Definitions of business analytics

noun the process of examining data and trends to uncover insights and make informed business decisions

Example Sentences

A1 Business analytics helps companies make better decisions.

A2 Learning about business analytics can improve your understanding of data.

B1 Many businesses use business analytics to analyze trends and patterns.

B2 Implementing business analytics tools can lead to increased efficiency and profitability.

C1 Business analytics involves using statistical methods to analyze data and make strategic decisions.

C2 Professionals with expertise in business analytics are in high demand in today's competitive market.

Examples of business analytics in a Sentence

formal The company invested in business analytics software to improve decision-making processes.

informal I use business analytics to track sales trends and make better business decisions.

slang I'm all about that business analytics life, always crunching numbers and analyzing data.

figurative Business analytics is like a compass that guides us through the vast sea of business operations.

Grammatical Forms of business analytics

• plural: business analytics
• comparative: more business analytics
• superlative: most business analytics
• present tense: analyzes business
• future tense: will analyze business
• perfect tense: has analyzed business
• continuous tense: is analyzing business
• singular: business analytic
• positive degree: business analytics
• infinitive: to analyze business
• gerund: analyzing business
• participle: analyzed business

Origin and Evolution of business analytics

First Known Use: 1960 year

Language of Origin: English

Story behind the word: The term 'business analytics' originated in the field of data analysis and management to describe the use of statistical methods and technologies to analyze business data for decision-making purposes.

Evolution of the word: Initially, 'business analytics' focused on basic statistical analysis of business data. Over time, with advancements in technology and the availability of big data, the term has evolved to encompass a wide range of analytical techniques, including predictive modeling, data mining, and machine learning, to extract insights and drive business decisions.