Business analytics helps organizations harness and use data to plan business strategies, improve operational efficiency, identify new opportunities and generate higher profits.
Identify and analyze industry or geographic trends with business strategy implications.
Analyze technology trends to identify markets for future product development or to improve sales of existing products.
Adapt statistical methods to solve business problems.
Develop software applications or programming to use for statistical modelling and visual analysis.
Develop and test experimental designs, sampling techniques, and analytical methods.
Prepare data for processing by organizing information, checking for inaccuracies, and adjusting and weighting the raw data.
Business analysts process large amounts of data for statistical modelling and visual analysis, using computers.
Evaluate the statistical methods and procedures used to obtain data to ensure validity, applicability, efficiency, and accuracy.