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A Review on Business Analytics: Definitions, Techniques, Applications and Challenges

Author

Listed:
  • Shiyu Liu

    (School of Economics and Management, Beihang University, Beijing 100191, China)

  • Ou Liu

    (Wenzhou Institute, University of Chinese Academy of Sciences, Wenzhou 325001, China)

  • Junyang Chen

    (College of Computer Science and Software Engineering, Shenzhen University, Shenzhen 518060, China)

Abstract

Over the past few decades, business analytics has been widely used in various business sectors and has been effective in increasing enterprise value. With the advancement of science and technology in the Big Data era, business analytics techniques have been changing and evolving rapidly. Therefore, this paper reviews the latest techniques and applications of business analytics based on the existing literature. Meanwhile, many problems and challenges are inevitable in the progress of business analytics. Therefore, this review also presents the current challenges faced by business analytics and open research directions that need further consideration. All the research papers were obtained from the Web of Science and Google Scholar databases and were filtered with several selection rules. This paper will help to provide important insights for researchers in the field of business analytics, as it presents the latest techniques, various applications and several directions for future research.

Suggested Citation

  • Shiyu Liu & Ou Liu & Junyang Chen, 2023. "A Review on Business Analytics: Definitions, Techniques, Applications and Challenges," Mathematics, MDPI, vol. 11(4), pages 1-20, February.
    • Handle: RePEc:gam:jmathe:v:11:y:2023:i:4:p:899-:d:1064159
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    References listed on IDEAS

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