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business analytics

The Difference between Business Analysis and Business Analytics you Should not Miss

Feb 7, 2022 by PESTLEanalysis Contributor

difference-between-business-analysis-and-business-analytics

In the business world, the terms Business Analytics and Business Analysis are often used interchangeably. Even though there are some obvious differences between the 2 processes, people tend to equate them. The Key Difference between Business Analysis and Business Analytics The main difference between the 2 processes is that Business Analysis is more related to functions … [Read more...] about The Difference between Business Analysis and Business Analytics you Should not Miss

Filed Under: Business Tagged With: business analysis, business analytics, business planning

Analytics: What You Should Know and Why It Matters

Feb 19, 2020 by PESTLEanalysis Contributor

analytics-what-you-should-know-why-it-matters

Sometimes, it is essential to go back to basics to understand our technologies fully. Analytics is a fundamental part of the building blocks of our data systems. The term is undoubtedly familiar to most people. However, a considerable fraction of them would have a bit of difficulty in explaining the concept. What is analytics? This is the scientific process of obtaining and … [Read more...] about Analytics: What You Should Know and Why It Matters

Filed Under: Business Tagged With: analytics, artificial intelligence, business analytics, machine learning, statistics

How to Wear your Six Thinking Hats in Business Management

Sep 10, 2015 by PESTLEanalysis Contributor

six-thinking-hats

No, this doesn't mean you need to think with your baseball cap on, but it does mean that you need to think and prioritize with your business to make sure that you are successful. There are six thinking hats in business analysis and you should look at this as a way to help you to better understand how to make your business run more smoothly. A lot of companies that are growing … [Read more...] about How to Wear your Six Thinking Hats in Business Management

Filed Under: Business Tagged With: business analysis, business analytics, business management, business planning, Chipotle, six thinking hats, Toyota, Walmart

What is SCRS and Why It’s Among the Best Business Analytical Tools

Sep 9, 2015 by PESTLEanalysis Contributor

scrs

As you look at your company, there are a few key things that can help you to better understand how to deal with your business and your customers. That's why the acronym, SCRS can help you; this is actually a series of four words that are set up so that you can understand different areas in your business. SCRS stands for strategy, current state, requirements and solutions and is … [Read more...] about What is SCRS and Why It’s Among the Best Business Analytical Tools

Filed Under: Business Tagged With: business analysis, business analytics, business management, business tools, SCRS

How CATWOE helps in Business Analysis and Decision Making

Sep 8, 2015 by PESTLEanalysis Contributor

catwoe

If you ever heard of the term CATWOE, no, you don't have to worry about it being a depression that cats go through or a time when cats are upset. It's something completely different. CATWOE is an acronym or a series of letters that make up a word. It's used as a business term and if you look at the six different letters, they stand for: customers, actors, transformation … [Read more...] about How CATWOE helps in Business Analysis and Decision Making

Filed Under: Business Tagged With: business analysis, business analytics, business management, business planning, CATWOE, Coca Cola, decision making, Facebook, Netflix, Shell Oil, Walmart

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About PESTLEanalysis.com

PESTEL or PESTLE analysis, also known as PEST analysis, is a tool for business analysis of political, economic, social, and technological factors.

PESTLEanalysis.com is an educational website collecting all the information and resources related not only to PESTLE but also SWOT, STEEPLE and other analysis that will come useful to business owners, entrepreneurs, and students alike.

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What is PESTLE Analysis? An Important Business Analysis Tool

What is PESTLE Analysis? PESTLE analysis, which is sometimes referred to as PEST analysis, is a concept in marketing principles. Moreover, this concept is used as a tool by companies to track the environment they’re operating in or are planning to launch a new project/product/service, etc. So, if

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