Business Analytics and Its Role in Managing the Competitiveness of an Enterprise Cover Image

Бізнес-аналітика та її роль в управлінні конкурентоспроможністю підприємства
Business Analytics and Its Role in Managing the Competitiveness of an Enterprise

Author(s): Bohdan Dmitrishin, Maksym Boroviy
Subject(s): Economy, Business Economy / Management, Micro-Economics, Accounting - Business Administration
Published by: Центральноукраїнський національний технічний університет
Keywords: system; competitiveness; competitiveness management; data; business analytics; enterprise;

Summary/Abstract: The purpose of the article is to develop the methodological foundations of business analytics as a necessary component in the competitiveness management system of a modern enterprise. The article is devoted to solving the problem of relations business analytics (in particular business decision support systems) and systemic characteristics of enterprise competitiveness management.Substantiation of factors influencing the formation of the competitiveness of an enterprise becomes significant at this stage of development of the national economy. The publication summarizes the tasks, principles and goals of business analytics. The relations between business analytics and enterprise competitiveness is defined and structured. Business analytics aims to simplify the work of the company as much as possible, increasing the profitability of sales and minimizing losses, which will certainly have a positive effect on the competitiveness of an enterprise. It is noted that the qualitative improvement of the range and intellectual potential of an enterprise has a positive effect on the competitiveness of manufactured goods (services), personnel of an enterprise. Factors influencing the competitiveness of an enterprise are established and substantiated. The types of relations between business strategy and business analytics are analyzed. The significance and necessity of conducting business analysis for making managerial decisions are revealed. The tools of a business analyst in a rapidly changing environment are proposed.Ukrainian enterprises are recommended to use not static, but strategically-oriented adaptive systems of competitiveness management, based on the widespread use of business process modeling and business intelligence tools. Further research should be focused on the implementation of modern methods of business analytics in enterprises, taking into account the experience of the most developed countries, conducting a comparative analysis of business analysis tools to reveal their full potential, highlighting the advantages and disadvantages.

  • Issue Year: 2020
  • Issue No: 5 (38)
  • Page Range: 214-220
  • Page Count: 7
  • Language: Ukrainian