Getting Started with Business Analytics

Getting Started with Business Analytics 

Getting started with Business Analytics can seem overwhelming, especially for small businesses that don't have a dedicated data analytics team. However, with the right tools and approach, any business can start using data analytics to inform their decisions and drive business growth. 

Here are some steps to get started:

Descriptive Analytics

Descriptive Analytics

Descriptive Analytics is the most basic type of Business Analytics, and it involves analyzing historical data to gain insights into past performance. This type of analysis can help businesses understand trends and patterns in their data, which can inform their decision-making process. Here are some examples of how businesses can use descriptive analytics to gain insights into their operations:

Sales Analysis: 

Types of Business Analytics

Types of Business Analytics

Business Analytics is a broad field that encompasses various techniques and methods for analyzing data. The three primary types of Business Analytics are descriptive analytics, predictive analytics, and prescriptive analytics. Here's a closer look at each type:

Descriptive Analytics: