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Business Analytics And Text Mining Modeling Using Python Prof. Gaurav Dixit Department of Management Studies Indian Institute of Technology Roorkee Lecture40 Text Mining And ModelingPart III Welcome
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Identify the purpose of your business analytics project.
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Business analytics refers to the skills, technologies, practices for continuous iterative exploration, and investigation of past business performance to gain insight and drive business planning. 'Text' in this context refers to the unstructured data that can be analyzed using various tools and methods to extract useful information.
Organizations that collect data and engage in analytics practices typically need to file business analytics and text, particularly if they are required to report on data-driven insights for regulatory compliance or business operations.
Filling out business analytics and text typically involves gathering data, inputting relevant metrics, utilizing appropriate analytics tools, and ensuring compliance with reporting standards. Guidance or templates may be provided for proper completion.
The purpose of business analytics and text is to provide organizations with insights from their data to inform decision-making, optimize operations, improve customer experiences, and drive strategic planning.
Information reported on business analytics and text may include data sources, methodologies, findings, conclusions drawn from the analysis, and any relevant metrics pertinent to business performance and strategic insights.
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