“As companies face a thinning margin for decision error, the ability to use business analytics effectively—everything from correlation, segmentation, clustering, regression analysis, as well as forecasting and predicting outcomes—is becoming mission-critical.”
There is a strong need for business leaders to gain insights, foresight and inferences from their data. However, with the amount of data they are managing, they need a business analytics tool with visualization to quickly gain real-time insights. So, how do you know what software tool is right for your business. There are six key components that, when embedded with analytics, provide powerful decision support.