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Question:TOPIC is FACEBOOK
In this highly competitive business environment, businesses are constantly seeking ways to gain traction and understand what is on the minds of current customers and potential customers in order to increase business efficiency. Many companies have turned to business intelligence (BI) and data analytics.
Use the Internet to research articles on data analytics. Write a four (4)page paper in which you:
1. Define data analytics in general and provide a brief overview of the evolution of utilizing data analytics in business.
2. Analyze the main advantages and disadvantages of using data analytics within Facebook.
3. Determine the fundamental obstacles or challenges that business management in general must overcome in order to implement data analytics. Next, suggest a strategy that business management could use to overcome the obstacles or challenges in question. Provide a rationale for your response.
4. Analyze the overall manner in which data analytics transformed the industry or company you selected with regard to customer responsiveness and satisfaction.
5. Speculate on the trend of using data analytics for the chosen industry or company in the next ten (10) years. Next, determine at least one (1) additional type of data that one could collect by using data analytics. Provide a rationale for your response.
6. Use at least three (3) quality references. Note: Wikipedia and other Websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
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Table of Contents
Data Analytics 1
Definition of Data Analytics 1
Advantages and Disadvantages of Data Analytics within Facebook 2
Challenges that Business Management must overcome to run Data Analytics 3
Transformation in Industry due to Data Analytics 4
Data Analytics Trends 5
Today here in this report we are going to discuss about data analytics. This is considered to be a good way to analyze the rank of website over search engine and how many people are visiting a website and what is actual performance of that website.Data analytics is an effective way to analyze website’s performance among people. Here in this report we are going to discuss about data analytics in detail about very popular social networking website i.e. Facebook. Facebook is used by people worldwide for sharing and communication. People can post their images and text on this social networking website. In general we can say that data analytics is used for examining raw data for drawing various results and conclusions about a particular information.
Definition of Data Analytics
Data analytics basically refers to quantitative and qualitative techniques and processes that are used to increase productivity and business advantage. In this, to analyze behavioral data and patterns, data is extracted and categorized. Data analytics is basically distinguish from data mining in the scope of purpose and scope.