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Data analysis, statistical models, and other quantitative techniques are used in business analytics (BA), a collection of disciplines and technology. It entails a rigorous, iterative examination of the data within an organization with a focus on statistical analysis to inform decision-making.
Data-driven businesses aggressively seek out ways to use their data as a competitive advantage and see it as a valuable corporate asset. Business analytics success depends on high-quality data, knowledgeable analysts who comprehend the industry and technologies, and a dedication to leveraging data to uncover insights that guide business choices.