Financial Performance Analysis
Visibility
Business Optimization
Employee Training
Quantitative Analysis
Evaluation
Project Strategy
Key Metrics
Business Decisions 
Factors Influencing Business Decisions Several factors can influence business decisions, including: Data
Analysis: Utilizing data analytics to inform decisions based on trends and patterns
...Financial Considerations: Assessing the financial implications of decisions, including costs and potential returns
...Diagnostic Analytics Examines past
performance to determine why certain outcomes occurred
...
Visibility the context of business, visibility refers to the degree to which an organization can track and understand its operations,
performance, and market presence
...Data
Analysis Applying analytical techniques to interpret data and extract actionable insights
...Cost of Implementation: Investing in advanced tools and technologies can be a significant
financial burden for some organizations
...
Business Optimization It encompasses a variety of methodologies, techniques, and tools aimed at enhancing
performance, reducing costs, and maximizing profits
...Profitability: The
financial gain achieved after all expenses are subtracted from revenue
...Prescriptive analytics plays a crucial role in business optimization by providing recommendations for actions based on data
analysis ...
Employee Training It is a critical component of human resource management and is essential for improving
performance, productivity, and overall job satisfaction
...Return on Investment (ROI): Calculating the
financial return gained from training compared to the costs incurred
...Employee Training Prescriptive analytics is a branch of data analytics that provides recommendations for actions based on data
analysis ...
Quantitative Analysis Quantitative
analysis refers to the systematic empirical investigation of observable phenomena via statistical, mathematical, or computational techniques
...Application Finance Portfolio management, risk assessment, and pricing of
financial derivatives
...Overfitting: Creating overly complex models that fit the noise in the data rather than the underlying trend can result in poor
performance on unseen data
...
Evaluation The following points highlight the importance of evaluation:
Performance Measurement: Evaluation helps in measuring the performance of various business processes and strategies
...Financial analysis, market research, and performance metrics
...
Project Strategy Performance Measurement: Establishes metrics for evaluating project success
...Stakeholder
Analysis Identifying and understanding the needs and expectations of stakeholders
...Resource Planning Determining the resources (human,
financial, technological) required for the project
...
Key Metrics of business analytics and business intelligence, key metrics are essential indicators that help organizations assess their
performance and make informed decisions
...some common categories of key metrics: Category Description Examples
Financial Metrics Metrics that assess the financial health of an organization
...How to Choose the Right Key Metrics Selecting the appropriate key metrics is critical for effective business
analysis ...
Analyzing Customer Behavior with BI Overview of Business Intelligence Business Intelligence refers to the technologies and strategies used by enterprises for data
analysis of business information
...Key components of BI include: Data Mining Reporting
Performance Metrics Data Visualization Predictive Analytics 2
...Finance: Risk assessment and customer segmentation for targeted
financial products
...
Overview of Statistics Statistics is a branch of mathematics dealing with data collection,
analysis, interpretation, presentation, and organization
...Financial Analysis: Statistics aids in assessing financial
performance, forecasting future trends, and managing risk through various quantitative methods
...
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