Discuss the benefits of business analytics and provide one example how it can be used to help an organization address cybersecurity.
Need 400 words
Answer)
The business analysis is the iterative method for exploring the
organization's data and using the statistical analysis, and thus it
allows the businesses to make the data-driven changes and
decisions. Companies and businesses treat the data as the corporate
asset and using business analysis we need to turn the data into a
competitive advantage. The business analytics can be Descriptive
which tracks the key performance indicators, predictive analytics
which analyzes the trend of the data, prescriptive analytics which
uses the past performance for generating recommendations about
requirements.
Business analytics using big data analytics and other methods is
the process using which large chunks of data is evaluated to
information which allows the companies and business to make and
take decisions being informed about the changes. Using such
business analytics and knowledge it is possible for the
cybersecurity teams to improve their security and also stay on the
top for the emerging threats for helping the companies and
businesses to prevent the data breaches.
For example, the analytics can be used by analysts to use and
analyze the history for identifying the websites which had ties
with the attacks in the past. Using this study, the analysts can
gather relevant details for the domain history and then combine
this with the big data analytics tools. Using this the domain
experts will be able to get hold of the information and obtain the
clues and create the threat profiles of the attackers.
The attacker's location and details can also be pinpointed using
data from the trusted IP geolocation databases. Thus using these
mechanisms the domain data generated and analyzed can be used to
improve the analytics in cybersecurity. When the companies have
much data available then big data works the best by analyzing the
data and enhance the network so as to stay safe.
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