Question: MT300 U4D1 Business Analytics The business analytics process is a way for an organization to make better decisions. What types of information can be obtained

MT300 U4D1

Business Analytics

The business analytics process is a way for an organization to make better decisions. What types of information can be obtained by using business analytics, and why are these important to an organization?

Several different tools are used for business analytics. Discuss some of the various approaches, including, but not limited to online analytical processing (OLAP), data mining, statistics, and presentation tools. What are they best used for? Is artificial intelligence important to this area?

How do you see this area being used in the future?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

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 General Management Questions!

Three developments spurred explosive growth in the use of analytical methods in business applications. They are: Technique advances, improved hiring practices, decreased computer prices Technological...

PM.346.HSF1 The Practice of Project Management Pls do not generalize the answer. Thank youuuuu Background Joseph-McHendry Purveyors, Ltd. (JMP) is an international retailer of fine collectibles and...

Vistabeans Coffee Shop 1. Introduction Data analytics refers to advanced forms of analysis that can be used to explore large volumes of data and communicate insights. Data is extracted and...

VistaBean Coffee Shop 1. Introduction Data analytics refers to advanced forms of analysis that can be used to explore large volumes of data and communicate insights. Data is extracted and categorized...

Chapter 5 - Decision Making, learning, Creativity, and Entrepreneurship Decision making is the process by which managers respond to opportunities and threats by analyzing the options and making...

Read the article, Information Usefulness and Usage in Business Decision-Making: An Activity-Based Costing (ABC) Perspective (the article can be located via the LIRN in GAP). In a 4 to 6-page written...

Managerial accounting is changing rapidly as a result of technology and new types of enterprises. Below is an article that states the opposite (Talha et al, 2010). How can we reconcile the two...

UNIT VI STUDY GUIDE Advanced Information System Solutions Course Learning Outcomes for Unit VI Upon completion of this unit, students should be able to: 9. Examine advanced information systems...

Information Security Risk Management ITC6315 Assignment 2 Assignment For this exercise, read the provided case study about AcmeHealth, and rate the risk exposure for each finding related to the...

CHA P TER 9 Understanding Software: A Primer for Managers 1. INTRODUCTION L E A R N I N G O B J E C T I V E S 1. Recognize the importance of software and its implications for the rm and strategic...

What impact does the growing use of digital technology have on organizational structure? Would you expect the structure of an Internet-based organization such as eBay, which operates almost entirely...

Developing Diagnostic and Analytical Skills Case Application 6: THE CONTAINER STORE: KEEPING IT FRESH The "Great Recession" has been hard on recruiters. As many employers have downsized. they have...

What is a benefit of rewards - based crowdfunding ( e . g . Kickstarter ) for developing new products, relative to the selling a product in the past? Reduces shipping costs Srve on tares Interest...

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...