Analytics, which allows organisations to analyse large sets of data, can help businesses to:
A) analyse market trends.
B) target their advertising to potential customers.
C) predict consumer behaviour.
D) provide new efficiencies for customers.
E) All of these responses are correct.

Question

Quizplus · Accepted Answer

Analytics can be used for all of these purposes, allowing businesses to make data-driven decisions and improve their operations. By analysing market trends, businesses can better understand their target audience and tailor their advertising efforts to reach potential customers. Analytics can also help businesses predict consumer behavior, allowing them to make informed decisions about product development, pricing, and marketing strategies. Additionally, analytics can identify areas of inefficiency in a business model, allowing businesses to provide new efficiencies for customers.

Analytics, Which Allows Organisations to Analyse Large Sets of Data