Business analytics refers to the process of monitoring, reviewing and evaluating usually large amounts of data in a company in order to make better business decisions. This involves the use of statistical methods, data analysis tools and forecasting techniques to identify patterns and trends in the data and make predictions about future business developments. Business analytics is an important part of modern businesses and is often seen as a key competitive advantage. With the help of business analytics, our ITFM solution CIO COCKPIT, for example, can enable you to intervene in your systems at an early stage to influence or avert undesirable developments or risks.