“Inflection point” is a data analytical method that Business Intelligence people can use to find a point that can change the user behaviors and business performances. It usually applies to make decisions, design business and marketing strategies or plans in short and long-term.
Introduction
In mathematics, Inflection Point refers to a point in a graph showing the change of a curve from concave to convex. An inflection point occurs when the curve goes from concave downward to concave upward and vice versa.
In business, an Inflection Point refers to a point where a company, economy, industry or sector experiences a significant change resulting from certain events. The change can either be positive or negative depending on the underlying events. The vital points to know about an inflection point are;
- An inflection point is a point on a graph that shows the change of a curve from concavity to convexity.
- An inflection point also refers to the turning point in the progress of a company, industry, sector or economy in which a significant change occurs.
- The significant change could give positive or negative results depending on the situation.
