Best 5 tools used for business analytics in India. - PowerPoint PPT Presentation

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Best 5 tools used for business analytics in India.

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business analytics refers to studying of data of an organization and using all the obtained information to make decisions pertaining to the organization. Statistical analysis of the data plays a major role in the process of business analytics. – PowerPoint PPT presentation

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Title: Best 5 tools used for business analytics in India.


1
Best 5 tools used for business analytics in India.
http//www.mitskillsindia.com/
2
  • Business Analytics refers to studying of data of
    an organization and using all the obtained
    information to make decisions pertaining to the
    organization. Statistical analysis of the data
    plays a major role in the process of business
    analytics.
  • Data can help the organization to come up with
    optimized plans in future and is also treated as
    a major asset for every company. Efficient
    business analysts help organizations to derive
    maximum conclusions from this data and help
    companies in their path of data-driven decision
    making.
  • TOOLS USED FOR BUSINESS ANALYTICS
  • There are several tools that organizations have
    been using for the process of business analytics
    and ultimately come up with more profound and
    optimum decisions pertaining to their company.

3
  • The most commonly used tools for Business
    analytics in India are
  • EXCEL
  • It is one of the most widely used business
    analytics tool and almost every company uses it.
    It is basically a spreadsheet software developed
    by Microsoft which contains a good number of
    features including calculation, graphing tools,
    pivot tables etc. It is available on all
    platforms and is used by all the companies for
    some of the tedious works. Excel provides a great
    connecting link between the analysis and the
    business team, therefore, it is a great tool for
    business analytics.
  • TABLEAU
  • The software can be used to produce data
    visualizations by focussing on business
    intelligence and can come up with some
    outstanding results beneficial to the company.
    The software has a focus towards US. But there
    are some companies like Ashok Leyland in India
    which have been using it for the purpose. The
    software is known to derive information from
    spreadsheets, databases, cloud and produce
    graphical results which can help a lot in the
    analysing and optimizing business processes.

4
  • R
  • As of now, it is most effective tool that is used
    not only in India but also worldwide. Companies
    like Facebook, MuSigma, Accenture, Cognizant etc
    have been using this tool for their business
    analytics processes. It has been getting improved
    by the developers over the years and has
    currently surpassed SAS in its usage. It is an
    open source analytics tool, currently has over
    8000 different packages integrated onto it.
  • SAS
  • It is one of the commercial analytics tool which
    came into existence long back. This tool has been
    undergoing modifications of late like package
    inclusion for IOT, Anti money laundering and SAS
    Analytics for Mid size businesses. SAS is a
    versatile business analytics tool, being used by
    several companies like HSBC, Citibank, Google,
    Netflix etc.
  • SPLUNK
  • Main motive of starting this tool was processing
    of log files data of machines. This tool has had
    several modifications and has become one of the
    most widely used tools for business analytics.
    Web interface visual graphics makes it a great
    tool. Several Companies like Adobe, NASDAQ,
    Coca-Cola etc have been using this tool for said
    purpose.

5
  • CONCLUSION
  • These tools help analysts to come up with certain
    conclusion from data which is conveyed to the
    company. This process of business analytics help
    companies to perform and take wiser decisions.

Thank You
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