Trend in Viewing Quantitative Analysis as a Primary Function Involving Decision Making in Organisations

Abstract

This paper is to help view the trend in quantitative analysis as a primary function that involves decision making at every level in the organisation. The study involved the identification of recent trends in quantitative analysis, quantitative analysis as a primary function and its impact on decision making in the organisation. Quantitative analysis is an effective tool for statistical methods, e.g. big data analysis, machine learning, network analysis, operational analysis, etc. These analysis aids decision that is made within the confines of the organisation and its environment. The times are changing with a high rate of varieties in quantitative analytical trends. It has become imperative to follow these trends for enhanced decision making in today’s contemporary organisation.