Storage consolidation of huge data in companies helps in __________.
Storage consolidation of huge data in companies helps in analysis and decision making.
Predictive analytics:-
One of the prime tools for businesses to avoid risks in decision making, predictive analytics can help businesses. Predictive analytics hardware and software solutions can be utilized for discovery, evaluation and deployment of predictive scenarios by processing big data.
Their responsibilities around analyzing data help the business managers make informed decisions to drive the company forward, improve efficiency, increase profits and achieve organizational goals. To do this effectively, Data Analysts need to be able to: Understand business direction and objectives.
The ability to analyze and act on data is increasingly important to businesses. The pace of change requires companies to be able to react quickly to changing demands from customers and environmental conditions. Effective business intelligence (BI) tools assist managers with decision making.