Here is the answer of the question: What statement below best describes why we do data analytics in business?

Refer to the following video for a refresher: video 1.

 

  • Analytics improve our understanding of how the business works
  • We must show a return on the investment we make in data & analytical resources
  • We need specific insights to make business decisions
  • We have to calculate & report financial results to owners / shareholders

 

The above question is related to “Introduction to Data Analytics for Business “. If you find the update in question or answers, do comment on this page and let us know. We will update the answers as soon as possible.

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