Question: Data analytics is everywhere. In business, it is used to provide managers with the ability to make data-driven decisions to solve business problems. Required:1) Consider

Data analytics is everywhere. In business, it is used to provide managers with the ability to make data-driven decisions to solve business problems.

Required:1) Consider a business where you have been employed.
2) Discuss an example of how data analytics could be used to improve at least one segment of the business.

3) Discuss what challenges might be faced as business managers review the data.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Answer i Using predictive analytics A gym chain wanted to reduce customer attrition The company inst... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

With a progressive tax (Spreadsheet 21.6), compare the effects of an increase of 1% in the lowest tax bracket to an increase of 1% in the highest tax bracket.

Discuss an example of how you might use freezing, unfreezing, and refreezing in making a specific organizational change.

Provide one example of how electronic commerce could help change an industrys economic structure from a hierarchy to a network.

What is activity-based costing? Give an example of how it could be used to identify an incremental fixed cost.

Data analytics is everywhere. In business, it is used to provide managers with the ability to make data-driven decisions to solve business problems. Consider a business where you have been employed....

HR How to ensure machine learning algorithms do not learn the same mistakes and biases that currently affect the recruiting process? 8 RECRUITMENT In this chapter we will turn our attention to the...

HR How would you measure the efficiency and effectiveness of new methods of recruiting vs the traditional methods? 8 RECRUITMENT In this chapter we will turn our attention to the application of HR...

!Help me please. (e) Revolution comes, and all taxes and subsidies are abolished. Even better, the consumer finds a new shop that offers bulk discounts. In this shop, footballs cost $4 each if you...

What are some of the problems related to output that the committee is experiencing? What suggestions do you have for improving output to the committee? How can the budget constraints of the zoo be...

Tim Raven is an independent fraud investigator called to investigate an anonymous tip made on the tip line of the Wilson Fast automobile dealership. The tip reads as follows: I am an employee of the...

Find the partial derivative of y for this equation: x e y z

On October 20, 2018, our company purchased a from a company located in Luxembourg 100,000 units of a product at a purchase price of 6.00 per unit. Our company is required to pay for the merchandise...

How do you evaluate the impact of termination on absenteeism?

74X sin (3x-6) 1.4 y = (use logarithms) argcosech(2x)

Solve V5 - 3x 1.3 y = %3D argtanh(7x)

Solve the given question y = [arccos(4x*)] 1.2 %3D 3X

Made cash sales of $49,000 (example). Purchased $3,000 of additional supplies on account. Borrowed $58,000 on long-term notes. Purchased $18,600 in additional equipment, paying in cash. Incurred...

Why might the use of incentives in the form of gift certificates be better than just providing cash to employees?

Go to the Enterprise Website (www.enterprise.com) and check out the game, career opportunities, and other components. Then evaluate how effective you feel the Web site is as an employment branding...

How can an organization maintain its image while dealing with a talent surplus? If layoffs are necessary, what would you recommend managers do to ensure that survivors remain committed and productive?

Suppose it is the beginning of 2008 and you are trying to assist the forecaster in Case New Holland, an international agricultural and construction equipment manufacturer, forecast total agricultural...

An analyst must decide between two different forecasting teclmiques for weekly sales of inline skates: a linear trend equation and the naive approach. The linear trend equation is yt = 124 + 2t, and...

Federated Cooperatives Limited (FCL) is the largest wholesaler of grocery, hardware, and agricultural supplies in Western Canada, and operates warehouses in Saskatoon, Edmonton, Calgary, and...