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The Internet of Things

The business concept that is driving forward Business Analytics and Big Data is The Internet of Things (IoT).What is Business Analytics (BA)? How does it affect your IT strategy and your business in general? There is a relationship between BA and Big Data (BD) – they are related concepts.  BA is related to taking a set of data, performing a modelling operation, and using the model to predict some kind of future state – what-if calculations. BD is more of a continuous analysis of very large-scale business information. But the business concept that is driving forward the importance of

Business Analytics in Real World

Business Analytics (BA) is about using data and models to make better decisions. The aim is to use information to improve the day-to-day performance of the organisationThis can help governments to improve policymaking and companies to develop better strategies.  But what are the real business decisions being taken with BA tools and how does the data analysis process improve the decisions? In the airline business, employees and aircraft need to be in the right place at the right time to maximise efficiency. This is a complex planning procedure when things are going right, but when a

Business Analytics and Big Data

Business Analytics is a topic that is often confused with Big Data. They are related concepts rather than exactly the same thing.Business Analytics is a topic that is often confused with Big Data. While the analysis of Big Data is related to the continuous analysis of business information through an analytical process, they are related concepts rather than exactly the same thing. There are various kinds of analytics to start with: Descriptive Analytics: how to gain insight from historical data, creating reports and scorecards that give a better vision of some existing data.

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