Describe benefits and disadvantages of business analytics

Assignment Help Business Management
Reference no: EM131234298

Assignment: Business Analytics Implementation Plan

In learning about BA, you have covered quite a few topics from the manager's decision-making process to technology integration. The best way to pull all of this knowledge together is to create a BA implementation plan for a hypothetical organization. This is something you would do in a real-life scenario if you came across an organization that does not utilize BA; as a professional, you would create the plan and then present it to management.

Description of LASA

In this assignment, you will create a business analytics implementation plan. The plan will consist of explaining business analytics to management, addressing the advantages and disadvantages of business analytics, the challenges of utilizing business analytics, along with a backup plan in case management does not accept the first option.

Scenario

You have been hired as a business analyst for a well-known design firm. Currently, they utilize technology for their day-to-day operations but not to analyze data to help with making business decisions. Your task is to convince management that the usage of business analytics would be a great benefit to the business and it would help the business to make well-informed decisions and thus action plans that would align with the business's strategic planning.

The firm currently has technology in place but does not have any connected systems. The databases are all independent of each other but they do utilize a client/server environment. The firm currently has one location and it is looking to add a second location in another part of the state, but is unsure as to whether it would be beneficial to the firm.

Instructions

Using the Argosy University online library resources and the Internet, research business analytics implementation plans. Select at least 4 scholarly sources for use in this assignment.

Write a proposal in which you explain the importance of using business analytics.

Objectives of proposals:

1. Describe the business and provide a summary of the business analytics they could apply to their business in multiple scenarios.

2. Describe the benefits and disadvantages of business analytics, as well as how the organization can be proactive in addressing any disadvantages. Include at least 3 benefits and disadvantages.

3. Address any challenges the organization may face using business analytics, as well as how the organization can be proactive in addressing the challenges. Be sure to address at least 3 challenges.

4. Propose three business analytic techniques. Compare them and discuss at least two benefits and disadvantages of each.

5. Create an implementation plan to integrate business analytics into your organization.

6. Create a backup proposal in case management does not approve your initial proposal. The backup proposal should have at least 3 changes different from the original plan.

Write the paper from the perspective that it will be presented to management of the firm and you are trying to persuade them to utilize business analytics for data-driven decision making.

The paper has to contain the following:

  • Cover Page
  • Table of Contents (auto-generated by MS Word)
  • Introduction
  • Implementation Plan (5-6 pages of content)
  • Conclusion
  • References.

Reference no: EM131234298

Questions Cloud

Describe methods for monitoring : In a paper, discuss the implications related to risk with patients, staff, and organizations with a focus on mitigating such risk through management practices. Include the following: Describe methods for monitoring and analyzing identified potentia..
Write a report providing the cfo with your recommendation : Write a report providing the CFO with your recommendation whether Zeta should set up the plant to produce the Spenza's and support your recommendation by in-depth analysis in Excel.
Evaluating a new project : You just graduated from Saint Mary's University with a Bachelor's of Commerce and joined Irving Shipbuilding Inc. (Irving), one of Eastern Canada's leading industrial groups. The financial manager of Irving, Mike, is evaluating a new project and a..
What steps did the companies take to fight back : The catalogue business is finding it difficult to compete. Freemans was bought in 1999 by German firm Otto Versant, owners of Grattan. In 2000 GUS bought online retailer jungle.com but was forced to close the loss-making Innovations in 2003. Meanw..
Describe benefits and disadvantages of business analytics : Describe the benefits and disadvantages of business analytics, as well as how the organization can be proactive in addressing any disadvantages. Include at least 3 benefits and disadvantages
What is the nature of this critique : In the last sections of Chapter 4 there is a critique of corporate codes of ethics inspired by the French philosopher Michel Foucault. What is the nature of this critique? Do you agree with this critique? Why or why not?
Explain how the change was communicated : Examine the type of change experienced (current or past employer or a company that your facilitator approves). This is an organization you will be using throughout the entire class. Reflect on how the leadership introduced/announced the change and ..
Periodic current yield of the bond : You have the following bond: Par value = 10,000, Coupon is 12%, semi-annually compounded, 20 year maturity, Nominal Market rate of interest is 11.25%. What is the periodic current yield of the bond in Period 20 (20 periods to maturity)
Concept of capital budgeting and decisions : Describe the concept of Capital Budgeting and decisions thereof. How does present value analysis impact a firm's investment program ? How is (the) risk of a project accounted for in Capital Budgeting Analysis?

Reviews

Write a Review

Business Management Questions & Answers

  Explain content-media and technology

Respond to one of these messages. Use direct, effective writing techniques. Explain how the content, media and technology of the feedback are appropriate for the purpose and audience.

  What recommendations would you type to senior management

What recommendations would you type to senior management for the upcoming year? Note that stating you have no information or that management must keep doing what they have been doing, is NOT acceptable.

  Taking the case of tesla discuss what would be the strategy

Taking the case of Tesla, Discuss what would be the strategy to source, capture and exploit innovation?

  Assess the sustainability and growth potential

What criteria should be used to assess the sustainability and growth potential of an organization as a learning organization? What is the rationale for selecting these criteria?

  Expectancy and equity theory use in organizational

expectancy and equity theory use in organizational strategiessuppose organizational strategies and practices that could

  What are core business process

What are core business process? Describe and contrast order-to cash, procedure-to-pay, make-to-stock, and make-to-business process. What are the core and support activities of a value chain?

  Course-human resource management foundations

Note: Answer the following  in at least 200 words for each question. Answers should be substantive, professional like as graduate student, and plagiarism free. Write in-text citation and references  in APA style. Wikipedia and other websites doesn..

  Trompenaar''s research

The timing of business trips and the role of the head office, and Job evaluations and rewards.

  How can you correct the situation

One of your employees uses bad grammar that is reflecting poorly on your department. How can you correct the situation?

  Is a wealthy nation a prosperous nation

'Is a wealthy nation a prosperous nation?' What is the 'division of labour' and how did itshape social relations both within and outside the factory? Use Heilbroner's concept ofthe 'drive for capital' and how it simultaneously produces 'wealth' and '..

  Individual characteristics and job satisfaction

Leadership networking, dissatisfaction, characteristics - What is the relationship between individual characteristics and job satisfaction?

  Earned value to determine status

Jennifer turned in her status report for the newly approved mailing activities. She feels that her pieces are on track with nothing for you to worry about. She reports the following information for the critical path tasks:

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