Capterra Glossary
Option Analysis
Options analysis is a form of statistical analysis in which a business analyzes the decisions that it can make with its information technology (IT) investments. In option analysis, a business will gauge its IT needs and then make investment decisions based on the options that are available.
What Small and Midsize Businesses Need to Know About Option Analysis
Options analysis for small businesses can take many forms. It can involve a more formal analysis of infrastructure, or it can simply involve reviewing the available options for IT investment and the already existing constraints on those options. Either way, options analysis provides a solid framework for an SMB to determine how to spend their limited IT dollars.
Related Terms
- Big Data
- Analytics and Business Intelligence (ABI)
- Business Analytics
- Digital Disruption
- Master Data Management (MDM)
- Advanced Technology
- Autonomous Vehicles
- Predictive Analytics
- Artificial Intelligence (AI)
- Data And Analytics
- Data Mining
- Clickstream Analysis
- Information Delivery
- Real-time Analytics
- Computer-brain Interface
- Business Intelligence (BI) Services