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10 Cards in this Set
- Front
- Back
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Business Analytics |
Using data, IT, stats analysis, quant. methods, to help managers gain insight about their business operations and make fact based decisions. |
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Pricing |
setting prices for industrial goods, gov't/maintenance contracts. |
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Customer Segmentation |
identify and set target consumers in retail, insurance and credit industries. |
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Merchandising |
Determining brands to buy, quantities an allocations |
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Location |
Finding the best locations and where to service industrial equipment. |
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Social Media |
Understanding trends and customer perceptions. |
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VISUALIZATION OF BUSINESS ANALYTICS |
1.STATS 2.Modeling and Optimization 3. Business Intelligence/ Info. Syst. |
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Descriptive Analytics |
The use of data to understand past and current business performance and make informed decisions |
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Predictive Analytics |
Predict the future by examining historical data, detecting patterns or relationships in these data, and then extrapolating these relationships forward in time. |
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Prescriptive Analytics |
Identify the best alternative to minimize or maximize your objective. |
