Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
¶ … Opportunities Current Company/Organization Utilize Business Analytic
The primary area in which my current organization can utilize business analytics is in satisfying our increasingly growing customer base. I work for an information technology product development company. Therefore, it is our business to develop the products for business intelligence, analytics, and a host of applications for these tools such as enterprise resource planning, customer relationship management, enterprise mobility and cloud computing for customers worldwide. The principle way in which this organization can utilize business analytics is to ascertain what the most popular product is to what customer base in order to assist in the research and development of more products that can increase customer advantage.
This process is actually a fairly lengthy one, and one which is dependent upon business analytics for success. Gauging customer sentiment is no longer something that organizations can do simply by monitoring what sales are made of various products to whom (although it should be noted that this sort of monitoring, in which business analytics is useful, is vital to maintain a competitive edge). In order to most accurately gauge customer feedback and input which one can incorporate into future research and development, it is becoming increasingly necessary to monitor sentiment data -- one of the most direct means of customer input -- via...
Analysis of sentiment data for the most part requires Big Data platforms with analytics to match.
Essentially, business analytics is required to perform a variety of tasks related to Big Data and customer feedback. They must account for the proverbial "three V's" of Big Data -- its volume, variety and velocity. There are several analytics tools -- some of which are becoming self-service such as data discovery tools -- that can account for the immense variety of Big Data that sentiment data comes in. Such variety includes blogs, videos, and various text programs. Therefore, search tools and semantics technologies are required for analysis of textual data, while semantics and ontologies can also prove useful for any form of data, such as video data. Additionally, advancements in discovery tools are critical for knowing when to issue reports and on what particular aspects of data to do so due to interactive visualizations and dashboards that make discerning trends more readily accessible.
It is essential for my organization (or any organization with a dedicated Big Data initiative, really), to go to the Cloud for analytics. There are a number of increasingly reputable third-party service providers that can perform the aforementioned business analytics operations. However, since I work for one of the more large organizations in IT development, we certainly have the staff available and knowledge enough to perform…
facilitating change within an organizational setting, by outlining and recommending solutions that deliver value to stakeholders. It is the set of everyday jobs and practices employed to function as a connection among stakeholders to comprehend the system, strategies, and processes of an organization, and to reach solutions that help the organization to attain its objectives (IIBA, 2015). Business analysis consist of comprehending how organizations operate to achieve their objectives,
Business Intelligence The quest for so-called "Business Intelligence," or BI for short, has been on the forefront of many organizational priorities in the last decade and it is likely that this trend will continue indefinitely. The attraction to BI is fairly clear. Although collecting and storing large amounts of information has become ubiquitous among modern organizations, there has been a relatively slower development in the ability to harness information to better
Business Intelligence Creating, Implementing and Using Business Intelligence in Clinic and Resort Cases In the process of effective decision making for improving opportunities and performance of a business, a vital role is played by Business Intelligence (BI). Business Intelligence Systems understand the environments of organizations and follow a systematic information process. These systems have huge development costs but are widely created, implemented and used in mid-sized organizations, hospitals, resorts and hotels. The
business in which it operates. In addition to it also analyzes the current outsourcing and offshoring activities of the organization. Apart from that, it puts light on the skills of the IT professionals of the organization and its current information system. This paper also proposes ways for the enhancement of the technological structures of the organization so that it may manage its growth efficiently. Project Management Background Information about the Company The
Social media forces those who use traditional marketing and advertising to re-evaluate their business models and techniques. Despite such rave reviews regarding the use of social networking as a marketing platform, many companies have not readjusted their strategies to incorporate such elements into their execution of marketing techniques. This means missed opportunities and cost savings. Even worse, many SMEs are continuing to spend too much money on the execution of
Business Intelligence Google Business intelligence is effectively the juncture point for connecting the interactivity universe with the vast amount of usable, real-time data that is now captured by the Internet. Estimates are that the digital capacity of this resource is growing at a rate of 30% annually, and yet for the most part few business interests are capable of handling such an opportunity (Cultureofperformance, 2010). Google and other forward-planning companies have