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What do you think data and analytics would change business in the next 5 years?

What do you think data and analytics would change business in the next 5 years?

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Answer #1

Data and analytics help provide a better estimates of the future expected cash flows and profits of the business at large. With the use of advance regression on excel and with analytical tools like SAS, R, etc it is easier to predict the future expected economic scenario and evaluate how the business will perform in the future. Through this analysis, investors can get a better idea of the current stock price and can make an informed decision as to whether to buy or sell a stock. In this manner, I would envisage the use of data and analytics tool in the next five years.

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