• April 21st, 2016

Term Paper: Effective Use of Business Analytics Data

Paper, Order, or Assignment Requirements

Use Business Analysis Methodology:
Business analytics (BA) and how it fits into the business intelligence (BI) framework of an organization. How organizations can best utilize business analytics. Examines how organizations can create an analytics-driven culture. Determine the types of statistical analyses required for its business. How an organization can assess its current capability to perform the required analyses. Role of innovation in business analytics planning. Continual improvement of the business analytics capability and how this can be achieved will be examined. Statistical qualifications, statistical diagnostics and review. Statistical qualifications are essential in ensuring strong business analytics capabilities and effective decision making. Essential skills necessary for both analytics personnel and decision makers in the organization. Need to create strong analytics personnel and advantages of certification of statistical professionals are presented. Statistical diagnostics and review, best statistical practices, essential for an organization’s strong business analytics capabilities and effective decision making ability. Statistical analysis to evaluate the quality of a data analysis and specifically how juxtaposition of data and analysis method can be utilized. Compare data splitting approaches to juxtaposition to see how analysis models can be validated. Statistical review can be used by an organization to improve future analytics-based decision making. Data Collection, The advantages of active versus passive data collection for business analytics; investigate the various types of active data collection and the statistical approaches used with each. Software and Data Management, Various statistical software tools and how this software can best be used for business analytics. The importance of data management, followed by a variety of techniques explaining how an organization can improve data management procedures.

Effective Use of Business Analytics Data for Site Location:

You are the CIO of LECAL Properties, Inc. Your company has created several successful retirement communities in the southern and southwestern states over the last 20 years.

Your CEO wants to determine the optimum locations to begin development of new sites for 10 more communities in the next two years.

In your paper, address these four questions:
1. What are the steps you would take to create a business analytics team?
2. How will you create stakeholder involvement?
3. How do you plan to utilize your company’s data warehouse business intelligence system?
4. How will you make use of your organization’s statistical resources to recommend the best locations for 10 new sites?

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