Data Analytics Serve a Number of Purposes for an Organization

Data analytics serve a number of purposes for an organization, and each type of analytics provides an opportunity for an organization to make evaluations of a given situation. While the questions raised and answered by analytics can vary from organization to organization, the overall goals of making a business the best version of itself remain true. As it pertains to cost accounting, in what contexts have organizations used data analytics, and is it pertinent to use analytics in all four contexts discussed in the chapter?