Blog
home
  • Register

Data Net Blog

By accepting you will be accessing a service provided by a third-party external to https://www.4datanet.com/

The Basics of Business Analytics

The Basics of Business Analytics

You may have heard the term “business analytics” thrown around before. This growing field can offer businesses of all sizes some substantial operational benefits in the form of optimized performance and improved decision making. Let’s review what business analytics are, and how you can embrace them to your advantage with technology.

Business Analytics: Using Data to Generate Insights

That’s all analytics really is: the process behind taking the data that you have acquired and using various methods to identify the most beneficial actions your company can take given the situation. If you’ve ever heard of business intelligence, analytics can be derived from the historical data that you can compile.

Combining these massive and sophisticated data sets, business analytics can predict the most likely answer to your business questions to help you shape your strategy.

Where This Data Can Come From

There are multiple sources for businesses to draw their analytics from. For instance:

  • Data Aggregation—Or, in other words, collecting and filtering through data that you generate or collect through transactional records and data provided by your customers.
  • Forecasting—Taking account of trends that have been noticed in the past and determining how likely they are to repeat to form expectations of the future. For instance, buying boots in November after three consecutive winters of record-breaking snowfall.
  • Association and Sequence Identification—What offered products or services are commonly purchased together, or is there a certain order that clients and customers typically make transactions? Identifying this allows you to predict what your needs are and what your clients will likely demand next.

Putting this data to use can help you improve a variety of business aspects, including your productivity and profitability. 

Data Net can help you install the technology that enables you to keep track of your business’ many moving parts. Reach out to us at (760) 466-1200 to learn more.

How Much Good Does a VPN Really Do?
4 Questions that Will Help You Manage Your Data Be...
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Saturday, September 26, 2020

Captcha Image

Tag Cloud

Tip of the Week Security Technology Best Practices Productivity Business Computing Network Security Data Efficiency Communication Privacy IT Support Malware Hackers Google Smartphones Innovation Cloud Small Business User Tips Hardware Email Microsoft Communications Workplace Tips VoIp Software Users Cybersecurity Managed IT Services Mobile Device Computer Business Collaboration Internet Tech Term Business Management Android Mobile Devices Hosted Solutions Outsourced IT Ransomware Social Media Windows 10 Miscellaneous Cloud Computing Backup Phishing Passwords IT Services Managed Service Smartphone Network Information Browser Apps Upgrade Wi-Fi Data recovery Saving Money Covid-19 Data Backup Windows Bandwidth Holiday Gadgets Facebook Applications Networking Internet of Things Microsoft Office Wireless Remote Work VPN Compliance BDR Managed IT services Blockchain Patch Management Automation Employer-Employee Relationship Access Control Chrome Gmail Quick Tips Marketing Data Breach Apple Laptop Health Word Voice over Internet Protocol Conferencing Router Analytics Value Going Green Managed IT Service Business Intelligence Mobile Office Office 365 Employee-Employer Relationship Save Money Business Technology Business Continuity Connectivity Payment Cards Company Culture Disaster Recovery Battery Social Network iPhone Cortana Paperless Office Remote Monitoring Education Remote Wireless Charging Government Remote Computing Healthcare Net Neutrality Data Management How To Processor Virus Retail G Suite Office Virtual Assistant Telephone System Virtualization Data Security Tech Terms Cost Management Physical Security Mobility Computers Bring Your Own Device Content Filtering Batteries RAM Server Remote Monitoring and Management Data Protection Settings Excel Telephony Windows 7 Twitter Medical IT Mobile Device Management Artificial Intelligence Cybercrime Scam Password SaaS Voice over IP Time Management Insurance Inventory Printer Cables Profitability HIPAA Document Management Antivirus Congratulations Profiles Payment Backup and Disaster Recovery Botnet Remote Working Specifications Customer Service Holidays Machine Learning Tactics Travel Humor Paper File Sharing Millennials Virtual Reality Movies Touchscreen Knowledge disposal Wearables GDPR Chrome OS File Management IT Management Mobile Security Website Encryption Eliminating Downtime Hard Drive Updates Staff WhatsApp Shadow IT instant Messaging Threats Hard Drives Managing Stress Lead Generation OneNote Memes Ink News Microsoft Office 365 Employees Distribution Server Management Licensing Virtual Private Network Maintenance Plug-In Streaming Media Storage eCommerce Current Events Operating System Innovations BYOD Processors Certification Digital Websites Computer Repair Vulnerabilities Scams SSD PCI DSS Troubleshooting Windows Server 2008 R2 Telecommute Live Streaming IT PowerPoint Remote Workers Unified Communications Authentication Solid State Drive Fleet Management Tech Support Customer Relationship Management Internet Explorer Proactive IT Law Enforcement Telecommuting Recycling Downloads Dark Web Sales Online Shopping Human Resources Wireless Internet User Tip Spyware Display Safety IT Service Cryptocurrency Project Management Remote Support Regulations Compliance Update Taskbar Data loss Hosted Desktop Sports Reporting Big Data Technology Tips Cleaning Authorization Hard Disk Drive Multi-Factor Authentication Database Alert Managed Service Provider Vulnerability Threat Personal Information Mobile Trends Error Tablet Managed Services Provider Network Attached Storage Environment Amazon Training Benchmarks Edge User Security Search IT budget Meetings Hybrid Cloud Outlook WannaCry Help Desk National Security HP Spam Firewall E-Commerce Bitcoin Management Microsoft Teams Comparison Video Co-Managed IT Printing Workers Recovery A.I. Electronic Health Records Vendor e-waste Tip of the week Security Cameras Risk Management Dongle Financial Printers Regulation WiFi Thank You Analysis

Latest News & Events

Please join us in congratulating Bill Vann on his promotion to Customer Success Manager....

Contact Us

Learn more about what Data Net can do for your business.

Call Us Today
Call us today
(760) 466-1200

5795 Kearny Villa Road
San Diego, California 92123