Scribd
Upload
5 views7 pages

Module 4

The document outlines various business analytics tools, including MS Excel, Tableau, and MySQL, detailing their features and functionalities. MS Excel offers tools like Pivot Tables, Slicers, and Macros for data analysis, while Tableau provides advanced data visualization and dashboard capabilities. MySQL serves as a flexible and scalable relational database management system, supporting multi-user access and various database connections.

Uploaded by

vesev34731
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
5 views7 pages

Module 4

The document outlines various business analytics tools, including MS Excel, Tableau, and MySQL, detailing their features and functionalities. MS Excel offers tools like Pivot Tables, Slicers, and Macros for data analysis, while Tableau provides advanced data visualization and dashboard capabilities. MySQL serves as a flexible and scalable relational database management system, supporting multi-user access and various database connections.

Uploaded by

vesev34731
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 7

Business Analysis Tools

Business Analytics can only be applied to problems through


various tools and procedures. We’ll now be looking at the
various tools used in Business Analytics:-
Business Analytics tools include:-

1) MS Excel -
Microsoft Excel is a spreadsheet developed by Microsoft for
Windows, macOS, Android, and iOS. It features calculation
or computation capabilities, graphing tools, pivot tables,
and a macro programming language called Visual Basic for
Applications, also popularly known as VBA. Excel forms part
of the Microsoft Office suite of software.
MS Excel provides various tools that can aid a Business
Analyst. They are:-
1. Pivot Table - A Pivot Table is an interactive way to
summarize large amounts of data quickly. You can use
a PivotTable to analyze numerical data in detail and
answer unanticipated questions about your data.

2. Slicers - Slicers are another way of filtering. They


narrow the portion of the dataset connected to the
other reports. There are three types in which you can
select the slicer items; single select, multi-select, and
select all option.
Slicers are a great choice when you want to:

o Display commonly used or important filters on the


report canvas for easier access.
o Make it easier to see the currently filtered state
without opening a drop-down list.
o Filter by columns that are unneeded and hidden in
the data tables.
o Create more focused reports by putting slicers
next to important visuals.
3. Pivot Charts - Pivot charts are built-in program tools
provided in Excel which help in summarizing the
selected rows and columns of data into spreadsheets. It
is a visual representation of a pivot table or any other
tabular data which aids in summarizing and analyzing
the datasets, patterns, and trends. In other words,
Pivot charts summarize large amounts of data into
informative and easy-to-understand excel charts.
4. Macros -
o A Macro is an action or a set of actions that you
can run as many times as you want.
o If you have tasks in MS Excel that you do
repeatedly, we can record a Macro to automate
those tasks.

When we create a Macro, we are recording our


mouse clicks and keystrokes.

o After we create a Macro, we can edit it to make


minor changes to the way it works.
o It saves a lot of our time while working with MS
Excel data and can have 50 steps or 100 steps or
more.
o Before creating Macros, we have to be clear about
what steps we would like to perform in a
sequence.
5. What-If Analysis - What-If-Analysis is a Microsoft
Excel tool that allows its users to test out various
scenarios and determine a range of possible outcomes.
It even enables us to see the effect of making a certain
change without changing the actual data.
6. Solver - It is a type of What-If analysis and is
particularly useful when trying to determine the “best”
outcome, given a set of more than two assumptions.
Solver is a sophisticated optimization program that
enables us to find the solutions to complex problems
that would otherwise require high-level mathematical
analysis.

2) Tableau -
Tableau is a strong and rapidly developing data
visualization application in the business intelligence
industry. It simplifies raw data in a manner that is simple to
comprehend. Tableau assists in the creation of data that is
understandable by experts at all levels of a company. Non-
technical people can easily develop customized dashboards
using Tableau.
The Tableau Product Suite consists of -

1. Tableau Desktop - Apart from having a rich feature


set, it allows its users to code and customizes reports.
2. Tableau Public - Helps in creating workbooks that can
be saved on Tableau’s public cloud which can then be
viewed and accessed by anyone.
3. Tableau Server - Can be used to share workbooks
and visualizations that are created in the Tableau
Desktop application across business verticals.
4. Tableau Online - Has all similar functionalities to the
Tableau Server, but the data is stored on servers
hosted in the cloud which are maintained by the
Tableau group.
5. Tableau Reader - It allows the users to view
workbooks and visualizations that are created using
Tableau Desktop or Tableau Public.
Apart from this, we’ll look at some of the important tools &
features of Tableau
The Multi-purpose Dashboard - Tableau provides you
with a modern technical tool dashboard also called a
Homepage. Dashboards are available in many data and
programming tools, allowing users to make rapid
modifications, create presets, and add customized formats
and layouts, all of which assist the data analyst's speed,
accuracy, and effectiveness.
Data Extraction & Blending - Tableau has several data
source features that allow you to connect to and import
data from a variety of external sources. Most of them,
including large data, relational databases, on-cloud data,
and Excel spreadsheets, may be readily deployed by
copying the file from the source and pasting it into your
Tableau worksheet.
Enhanced data visualization functions - Tableau
provides a variety of visualizations to choose from among
their vast range of different visualization tools. Some
visualization tools provided by Tableau are:-

1. Motion Chart
2. Histogram
3. Choropleth Maps
4. Stacked Maps
5. Heat Map
6. Highlights Table
7. Bullet Chart

Predictive Analysis and Forecast - Tableau also has the


option of using time series and forecasting. The drag and
drop interface makes forecasting effective and productive.
Ask Data feature - Tableau has a feature where users can
communicate, seek answers, and connect to exchange
ideas. This feature aims to promote data science experts'
mutual communication and develop new ideas and patterns
to address challenges.

3) MySQL -
MySQL is powered by the Oracle Corporation and is open-
source Relational database management. Relational
database management is a structure that allows the users
to identify and access data with another piece of data in the
database. It is a system that works across platforms like
Linux, macOS, Microsoft Windows, and Ubuntu. It provides
multi-user access to support many storage engines.
Some other features include:-

 It provides great connectivity so that users can connect


with various databases of clients.
 It offers these features at a low cost and is quite
flexible and scalable.
 It also provides MySQL Workbench which can be used
as a dashboard that aids the user in preparing models,
performing server administration, monitoring, and
configuring data, and data migration among others.
 It is robust and secure.

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy