Role of Data Analytics in Business Decision Making

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Dr. Vijai Tiwari

Abstract

Data analytics plays a pivotal role in modern business decision-making by enabling organizations to convert raw data into valuable insights. Through techniques such as data mining, predictive analytics, and machine learning, businesses can identify patterns, forecast trends, and make evidence-based decisions. This research explores the impact of data analytics on enhancing operational efficiency, improving customer engagement, and gaining competitive advantages. The study also highlights the importance of data-driven strategies in reducing risks and optimizing resources. Ultimately, it underscores how data analytics empowers businesses to make informed decisions in an increasingly data-centric environment.

Article Details

How to Cite
Dr. Vijai Tiwari. (2024). Role of Data Analytics in Business Decision Making. Knowledgeable Research: A Multidisciplinary Peer-Reviewd Refereed Journal, 3(01), 18–27. Retrieved from https://knowledgeableresearch.com/index.php/1/article/view/282
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