This week’s required readings explain the role that analytics plays in the modern business environment. Consider the following questions and respond in a:
1. How is data analytics different from statistics?
2. Analytics tools fall into 3 categories: descriptive, predictive, and prescriptive. What are the main differences among these categories?
3. Explain how businesses use analytics to convert raw operational data into actionable information. Provide at least 1 example.
4. Consider the organization you work for . Does this organization use data analytics? If so, how is it used? If not, how could the organization use data analytics to improve its performance?
