History of Analytics
September 18, 2012 No CommentsBy Rahul NawabThe simplest definition of analytics is “the science of analysis.” However, a practical definition would be how an entity, e.g., a business, arrives at an optimal or realistic decision based on existing data. Business managers may choose to make decisions based on past experiences or rules of thumb, or there might be other qualitative aspects to decision making, but unless data is considered, it would not be an analytical decision-making process. Read More >>>
