Leading banks use business analytics to predict and prevent credit fraud, saving millions. Retailers use business analytics to predict the best location for stores and how to stock them. Pharmaceutical firms use it to get life-saving drugs to market more quickly. Even sports teams are getting in on the action, using business analytics to determine both game strategy and optimal ticket prices.
But these advanced business applications tell only part of the story. What’s going on inside these market-leading companies that sets them apart?
They have committed to deploying their people, technologies and business processes in new ways. They have committed to a culture that is based on fact-based decisions – which helps them anticipate and solve complex business problems throughout the organization. By embracing an analytical approach, these companies identify their most profitable customers, accelerate product innovation, optimize supply chains and pricing, and identify the true drivers of financial performance.
This slideshow features eight essential actions, identified by SAS®, to help you get started with business analytics.
Copyright © 2011 SAS Institute Inc. Cary, NC, USA. All rights reserved.
A Step-by-step Guide for Getting a Job in 30 Days Ten solid tips for finding a job in a month.
Prepare for Canada's Anti-spam Law with Email Best Practices Tips to help organizations practice permission-based marketing and prepare for compliance with Canada's new anti-spam legislation.
Promising New Tablets New tablets that are looking to compete with the iPad.
An eWEEK Property
Copyright 2020 TechnologyAdvice All Rights Reserved.
Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.