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In order to measure performance of an organization, business analytics techniques are used. It consists of statistical methods and techniques that are applied to a project, product or process. An entire company’s processes can be evaluated by applying business analytics. It is generally used to identify weaknesses in the running processes of a company and find out meaningful data that can be important for company’s growth and development. With the growing need of business analytics, specific software have been launched that can mine the data in an organization and generate meaningful insights. Business analysis varies from organizations to organizations depending on their strategies and models. Business Analytics largely supports in decision making, improvements of programs and other systems used to make business competitive. Capacity utilization rates and efficiency measures are the steps used to implement business analytics at first.
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