Role of Data Analytics in Business Decision Making

Data analytics plays a pivotal role in modern business decision-making by enabling organizations to convert raw data into valuable insights. Through techniques such as data mining, predictive analytics, and machine learning, businesses can identify patterns, forecast trends, and make evidence-based decisions. This research explores the impact of data analytics on enhancing operational efficiency, improving customer engagement, and gaining competitive advantages. The study also highlights the importance of data-driven strategies in reducing risks and optimizing resources. Ultimately, it underscores how data analytics empowers businesses to make informed decisions in an increasingly data-centric environment.

Authors

Publication Details

Journal
Knowledgeable Research A Multidisciplinary Journal
Published
2024-08-30
DOI
https://doi.org/10.57067/0zr57x43
Citations
4
Primary Topic
Big Data and Business Intelligence
Type
article
Field-Weighted Citation Impact
2.11
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article

Role of Data Analytics in Business Decision Making

Vijai Tiwari
4 citations
Knowledgeable Research A Multidisciplinary Journal
Big Data and Business Intelligence
2.11
article

Role of Data Analytics in Business Decision Making

Vijai Tiwari
article en
4 citations

Abstract

Data analytics plays a pivotal role in modern business decision-making by enabling organizations to convert raw data into valuable insights. Through techniques such as data mining, predictive analytics, and machine learning, businesses can identify patterns, forecast trends, and make evidence-based decisions. This research explores the impact of data analytics on enhancing operational efficiency, improving customer engagement, and gaining competitive advantages. The study also highlights the importance of data-driven strategies in reducing risks and optimizing resources. Ultimately, it underscores how data analytics empowers businesses to make informed decisions in an increasingly data-centric environment.

Knowledgeable Research A Multidisciplinary JournalVol. 3(01)
Peace, Justice and strong institutions
Openalex Percentile: Top 10%
Big Data and Business Intelligence
2.11
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