Business Analytics in International Economic Relations

Abstract

Financial and economic activities of modern business are impossible without clear planning, analysis of current activities, assessment of the market situation, forecasting. Today it is extremely hard to imagine an enterprise in which there is permanent work on the accumulation, systematization, processing, storage of various data, which is necessary for the organization of the entrepreneurial activity, as well as ensuring its financial success. The problem of building effective work on data processing is complicated while entering international markets, when the quantitative and qualitative assessment of numerous factors influencing the company's activities is a key aspect of its success or failure, if such work is carried out unprofessionally. However, bearing in mind the International Economic Relations, the authors tried to focus not only on aspects of business analytics, useful only for doing business, but also on various types of relations (economic, social, cultural, scientific) that arise between countries as well as the residents ana non-residents.