Analytics, Especially valuable in areas rich with recorded information, analytics relies on the simultaneous application of statistics, computer programming and operations research to quantify performance.Organizations may apply analytics to business data to describe, predict, and improve business performance
Most applications provide preset views of data, via reports or dashboards. While useful, business volatility often creates new reporting need. Business users need a way to address new questions that arise, quickly and easily.
Analytics enables business insight through the discovery, interpretation, and communication of critical information, driving better decision making. ERP and EPM systems provide much of the foundational data for Analytics. Truly useful analytics allow you to examine your performance, view trends and variances, and take appropriate preventive or corrective action. In summary, we analyze all facets of our business using purposeful information to drive better performance.