Is there a solution that would be more effective

Assignment Help Other Subject
Reference no: EM131355050

Assignment: Managing Data

Discussion- Techniques and Tools for Managing the Data

You have explored many options for managing data as well as its importance to the overall health of an organization in making well-informed decisions. Many organizations feel that they have to utilize powerful and expensive solutions, but there are also cheaper alternatives. For example, MS Excel can be a great tool to manage data and identify answers to any questions. Thus, whether your organization is big or small, all the tools need to be evaluated to determine the one that will work best, not only in managing the data but also in lowering the overall cost. Managing cost is important, as you do not want to implement a solution that will bankrupt the organization; that, in itself, is an ill-informed decision.

Using the Argosy University online library resources and the Internet, research tools and techniques of managing data.

Respond to the following:

• What would be some of the mistakes or consequences of not investigating the costs associated with the organization's information systems (data collection) choice? Besides going bankrupt, what other effects could it have on the organization? Could it lead to bad decision making? Explain.

• What systems does your organization utilize, either as a whole or per department? Is this solution effective? Why or why not? Is there a solution that would be more effective? If not, explain why.

• With the various solutions available today, which one do you think would work best for you? Meaning, which of these solutions (such as MS Excel or a decision-support system) would work best on the following criteria:

o Ease of use
o Interpretation of data
o Sharing of data

• Often, we think of business analytics as only for businesses. However, can any of these tools be used for personal decision making? Provide some examples of how you could utilize these tools.

Write your initial response in 300-500 words. Apply APA standards to citation of sources.

Reference no: EM131355050

Questions Cloud

Simulating non-uniform random variables : Explain the probability integral and the inverse probability integral transformations. How useful can they be in simulating non-uniform random variables?
Why do we care about probabilistic inequalities : Explain the notions of a percentile and a quantile and how they are related.
Estimate teh demand equation : Estimate teh demand equation. what do the regression results indicate about the desirability of discounting the price? Explain
Select an organization such as company and community group : Imagine that you are a consultant for an organization, and they want you to work on developing their core values. The organization would like their core values to reflect key attributes of their culture.Select an organization, such as a company, co..
Is there a solution that would be more effective : What systems does your organization utilize, either as a whole or per department? Is this solution effective? Why or why not? Is there a solution that would be more effective? If not, explain why.
Receive an affirmative action plans : Explain why certain employers would receive an affirmative action plans. Explain the actions that must be taken by employers who receive an affirmative action plan. Explain the consequences for employers who do not meet the goals of the affirmative a..
Find the constants a and b in the equation : The resistance of a platinum wire is found to be 11.000Ω at the ice point, 15.247Ω at the steam point, and 28.887Ω at the sulfur point. Find the constants a and b in the equation.
Explain the notion of kurtosis : For a Weibull distribution with parameters (a=3.345,β=3.45) derive the kurtosis coefficient using the formulae in appendix A.
Characteristics a performance measurement system : Question :(TCO E) Describe what characteristics a performance measurement system, to be employed in a risk monitoring and control process for a project, should have. Include an example to help illustrate your answer. (200 words)

Reviews

Write a Review

 

Other Subject Questions & Answers

  History of modern psychology - identify the main points

Please identify the main points of his theories and why he believed his theories contributed more toward the field of psychology. You also need criticisms to counter with against Rogers.

  Design an underwater sculpture to inform and engage

Design an underwater sculpture to inform and engage the public while providing additional habitat for underwater plants and animals.

  Disposal of high-level radioactive waste

At one time it was thought that the deep-ocean trenches at subduction zones would be a good place for disposal of high-level radioactive waste.

  Research the responsibility of a critical thinker

Research the responsibility of a critical thinker in a contemporary society. You may choose any topic that deals with a contemporary social concern. Examine the principles of critical thought in relation to the chosen societal concern, and conside..

  Principle of cause and effect

Discuss at least two ways the principle of "cause and effect" applies to human behavior, especially as the principle applies to criminals and to criminal justice professionals.

  What are its social dynamics and characteristic social forms

Our readings in this course have sought to probe fundamental questions of urban theory: what is the nature of a city? What are its social dynamics and characteristic social forms? What are the city's specifically urban processes? We began our c..

  Popular fat loss programs

Critically evaluate any three popular fat loss programs. How do they stack up against each other relative to their nutritional profile? Their ability to support intense training? Their ability to provide lasting results?

  Evaluate arthur schopenhauer

Explain and evaluate Arthur Schopenhauer's view that people are rarely rational in their actions, is he correct?

  After studying the active reading strategies described in

after studying the active reading strategies described in chapter 2 of essentials of college writing read chapters 1

  Safety in the early childhood issues

Describe two to three strategies to support nutritional choices and possible food allergies in children.

  Domestic scale

"Being a marketing manager of a pharmaceutical company at domestic scale, list down the core competencies of your firm & advice how will you add value to these core competencies in order to sustain for a longer period of time?

  Explanation of the potential business in emerging markets

A basic explanation of the potential business in emerging markets. How the new business would provide benefit over existing solutions and the extent of that benefit. The potential size and structure of the market for the new business. Forecast sales ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd