Logo
International Journal of
Management and Commerce
ARCHIVES
VOL. 7, ISSUE 4 (2025)
Applications of data analytics in business decision making
Authors
Ankit Raj
Abstract

Data is everywhere. It has many faces like numbers, images, texts, videos, graphs, symbols popularly known as Big Data. The business organizations are rapidly moving towards data-driven decision making from that of assumption based. They constantly look for the professionals who can transform data into business insights. Right from gathering to wrangling, cleaning to transforming, modelling and predicting, data analytics work across different fields and industries. This has resulted in improved decision-making in various problem areas, not only in the field of management sciences including the allied areas be it commerce, economics, industry and business, innovation, operations, IT or human resources but also for individuals, businesses, industries and economies.

In today's digital age, the significance of data analytics cannot be overstated, as it has become the cornerstone of decision-making processes across various industries. The journey through the realms of descriptive, diagnostic, predictive, and prescriptive analytics has showcased how businesses can leverage data to enhance their operations, drive efficiency, and ultimately boost their bottom line. This transformative power of data analytics has not only revolutionized traditional business models but has also paved the way for innovative approaches and solutions to complex challenges.

As we look toward the future, it is evident that the continuous evolution of data analytics will play a pivotal role in shaping business strategies and fostering innovation across all sectors. The increasing reliance on sophisticated data-driven technologies such as machine learning and Al underscores the ever-growing potential of data analytics to unravel complex business challenges and unlock new opportunities. By embracing the transformative power of data analytics, businesses can position themselves at the forefront of innovation, making informed decisions that drive sustainable growth and success in the dynamic global landscape. With the right integration and implementation of data analytics, businesses can effectively steer their operations, adapt to changing market dynamics, and achieve their strategic objectives, ultimately redefining the boundaries of success in the digital era. Against this background, the present paper attempts to highlight aspects of data analytics especially in the context of business decision making.
Download
Pages:26-31
How to cite this article:
Ankit Raj "Applications of data analytics in business decision making". International Journal of Management and Commerce, Vol 7, Issue 4, 2025, Pages 26-31
Download Author Certificate

Please enter the email address corresponding to this article submission to download your certificate.