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Analytics is a term that is widely used especially in sports. How is analytics used to...

Analytics is a term that is widely used especially in sports. How is analytics used to help solve a current business problem? Give thorough explanation and provide examples. Business can be sports industry, medical industry, etc. There is no restriction on industry.

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Analytics is about gathering data, its analysis and interpretation of data to make some useful conclusions for the businesses. The analytics can be used for business intelligence analysis with food, retail, sports, automobile, healthcare etc. to increase the value of the data. It deals with a large volume of data both structured and unstructured that overflow through the businesses on a day-to-day basis. It can be analyzed for better decision making and strategic management of the business.

The analytics could be used to analyze and identify gaps in quality, risk, resources utilization and consumer behavior insights etc. and it could be used to provide better services to customers.

Analytics for healthcare or medical industry is very helpful tool as it can be used in health care research by using the clinical data. Data analysis of the individuals at point of care to identify gaps in quality, risk, utilization and medical history insights etc.

jeff jeffy answered 1 year ago
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