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
business analytics
How to Wear your Six Thinking Hats in Business Management
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
What is SCRS and Why It’s Among the Best Business Analytical Tools
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
How CATWOE helps in Business Analysis and Decision Making
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
The Main Differences between Business Analytics and Business Analysis
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. There, of course, are some similarities between the 2 processes. Business Analytics and Business Analysis have some common functions. They are: - Analyze and improve … [Read more...] about The Main Differences between Business Analytics and Business Analysis