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Pa1 PDF
Pa1 PDF
Pa1 PDF
The diagram below was being discussed by the Analytics Association of the Philippines:
Business Analytics used data as the basis for decision making which is often seen as more
objective. Data are being processed scientifically to convert them to insight that can be used for
better planning, quantifying risk and lastly choosing the best course of action from the
developed alternatives.
This lesson will help us to further understand the nature of concepts of analytics that makes it
better alternatives for the traditional decision making strategies.
“Why is it important?”
Accountants use data analytics to help businesses uncover valuable insights within their
financials, identify process improvements that can increase efficiency, and better manage risk.
―Accountants will be increasingly expected to add value to the business decision making within
their organizations and for their clients,‖