Business Analysis Process
Analyzing Market Positioning
Data Functionality
Leveraging Text Analytics for Operational Strategies
Reporting
Key Statistical Factors
Text Analytics for Understanding Market Trends
Evaluating Market Opportunities
Measurement 
Measurement in the context of
business analytics refers to the
process of quantifying the performance, efficiency, and effectiveness of various business operations
...Quarterly revenue, profit margins Measurement in Business Analytics Business analytics involves the use of statistical
analysis and data mining to improve business decisions
...
Analyzing Market Positioning 
Market positioning refers to the
process of establishing the image or identity of a brand or product in the minds of consumers relative to competitors
...It is a critical component of marketing strategy that helps
businesses differentiate themselves in a crowded marketplace
...Competitive
Analysis The evaluation of competitors' strengths and weaknesses in relation to the business's positioning
...
Data Functionality 
refers to the various capabilities and
processes involved in the collection,
analysis, and interpretation of data within a
business context
...
Leveraging Text Analytics for Operational Strategies 
Text analytics, also known as text mining, refers to the
process of deriving high-quality information from text
...It involves the use of natural language processing (NLP), machine learning, and statistical
analysis to convert unstructured data into meaningful insights
...In the realm of
business, text analytics can significantly enhance operational strategies by providing actionable insights from customer feedback, social media interactions, and other textual data sources
...
Reporting 
Reporting in the context of
business analytics refers to the systematic
process of collecting, analyzing, and presenting data to support decision-making
...Trend
Analysis: Reports can highlight trends over time, enabling businesses to adapt strategies proactively
...
Key Statistical Factors 
In the realm of
business, statistical
analysis plays a crucial role in decision-making
processes
...
Text Analytics for Understanding Market Trends 
Text analytics, also known as text mining, is the
process of deriving high-quality information from text
...This article explores the importance of text analytics in
business, its methodologies, applications, and challenges
...Sentiment
Analysis The process of determining the emotional tone behind a series of words, used to understand attitudes, opinions, and emotions
...
Evaluating Market Opportunities 
Evaluating market opportunities is a critical
process in
business analytics that involves identifying and assessing potential markets where a company can introduce its products or services
...Competitive
Analysis: Assessing the strengths and weaknesses of existing competitors in the market
...
System 
A system in the context of
business analytics refers to a structured combination of components,
processes, and technologies that work together to collect, analyze, and interpret data
...Text Analytics Systems Natural Language Processing (NLP) Systems Sentiment
Analysis Systems Components of a Business Analytics System A typical business analytics system comprises several key components that work together to facilitate data analysis
...
Creating a Framework for Business Analytics 
Business analytics is a critical component for organizations seeking to leverage data for improved decision-making and strategic planning
...Understanding Business Analytics Business analytics involves the use of statistical
analysis, predictive modeling, and data mining to analyze data and make informed decisions
...Establish Data Management Practices: Implement
processes for data cleansing, integration, and storage to ensure data quality and accessibility
...
Mit guten Ideen nebenberuflich selbstständig machen
Der Trend bei der Selbständigkeit ist auf gute Ideen zu setzen und dabei vieleich auch noch nebenberuflich zu starten - am besten mit einem guten Konzept ...