With the implementation of business analytics

Assignment Help Business Management
Reference no: EM13990640

With the implementation of business analytics, an organization will also need to implement a good information systems plan in order to collect, manage, and organize all of the data. Not only is an information system needed, but the data has to be organized in a structured way otherwise any queries will produce bad results. This could be catastrophic for an organization because managers would be making decisions based on bad data. To make sure that the query generates good reports, you need to think about how to best organize data for each of the markets you are exploring.

Using online library resources and the Internet, research ways of optimizing data organization.

Respond to the following:

  • An organization does not have a good Management Information System (MIS) in place to help manage all of their data. What are some of the possible problems this could cause for decision makers?
  • Assume you are going to conduct some research in the field of toy making. What are some of the items for which you would want to collect data? For example: market trends in toy making, latest sales nationwide, etc. How would these pieces of data help the company to determine what toy to release for the holiday market?
  • With the implementation of an MIS for decision making, what would be some of the concerns related to ensuring that the organization can support the system? Would you control access to the system? Would there be someone to keep the data structures updated? Be sure to explain your ideas when answering these questions.
  • Why would an organization want to create an implementation plan for the integration of a MIS? Is this something that needs to be well thought out and, if so, why?

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

Reference no: EM13990640

Questions Cloud

Sequence of distinct points converges : Let X be an infinite set. Let T consist of the empty set and all complements of finite subsets of X . Show that T is a topology in which every singleton {x} is closed, but T is not metrizable. Hint: A sequence of distinct points converges to every..
What would be the retail value of the electricity : A gallon of gasoline provides 1.3 x 108 (ten to the eighth power) Joules. If all of this energy could be converted to electricity with an efficiency of 100%, what would be the retail value of the electricity ?
What global climatic change gave gymnosperms an advantage : What global climatic change gave gymnosperms an advantage over ferns? According to theory of endosymbiosis, which organelles evolved from small prokaryotes that established residence within other, larger prokaryotes?
Create a powerpoint presentation : You will create a PowerPoint presentation which will be comprised of seven slides. That will cover the areas listed below. Be sure to explain how you look at: Cover page that includes assignment title, your name, course, section number, and date Life..
With the implementation of business analytics : With the implementation of business analytics, an organization will also need to implement a good information systems plan in order to collect, manage, and organize all of the data. Not only is an information system needed, but the data has to be org..
What does it cost to have that light on for a month : In 2003, the Schuylkill Generating Station near South Street on the Schuylkill River was rebuilt as an oil fired plant. It produces 175 Megawatts. What is the retail value of 1 day's production of electricity at this plant ?
Pseudometric spaces with topologies : 1. Let (X, d) and (Y, e) be pseudometric spaces with topologies Td and Te metrized by d and e respectively. Let f be a function from X into Y . Show that the following are equivalent (as stated in the first paragraph of this chapter):
What year did leonardo dicaprio : What year did Leonardo Dicaprio get nominated and what movie was it for?
Metric and metrizes the same topology : 1. On R2 let d((x, y), (u, v)) := ((x - u)2 + (y - v)2)1/2 (usual metric), e(x, y) := |x - u|+ |y - v|. Show that e is a metric and metrizes the same topology as d.

Reviews

Write a Review

Business Management Questions & Answers

  Explain each of the five steps of a six sigma project

Explain each of the five steps of a Six Sigma project. Identify an organization that has successfully utilized the Six Sigma process and explain the purpose of the project, the outcome of the project, and the major accomplishments or milestones assoc..

  Leadership is doing the right things

"Management is doing things right; leadership is doing the right things." Peter Drucker "Leadership is working with goals and vision; management is working with objectives." Rusell Honore

  Power station cost-benefit analysis

Power Station Cost-Benefit Analysis, A power station is planned in your local area and you have been requested to submit a primary cost-benefit analysis of the potential economic and environmental impact that the station could have.

  Explain the trait and behtvioral theories 1920-30s

Explain the trait and behtvioral theories 1920-30s?

  Can you recommend any additional end goals for mr best

How does DonorsChoose.org measure success? How else might it do so? Can you recommend any additional end goals for Mr. Best

  Explain the change in consumer demand trends

Explain the change in consumer demand trends after the crash for each of the tech stock companies you researched

  Business research methods

Business Research Methods You have data from a corporation o the annual salary of each of its 200 employees. a.  Illustrate how the data can be presented as ratio, interval, ordinal and nominal data.

  Explain how have monitoring mechanisms or players changed

Explain How have monitoring mechanisms/players changed over time and What are the trends and changes and in your view have these changes improved corporate governance?

  Compensation program for performance of employees

Prepare a compensation program that will link pay to the performance of your employees.

  Llustrate what might do differently in the future

Drawing on our material also your experience, share your insights, thoughts also questions about explain how well organizations are doing also illustrate what they might do differently in the future.

  Illustrate the different e-business models

Illustrate the different e-business models that can be best suited for Don's Lumber Company

  Why would someone else not make those purchases

Why would someone else not make those purchases. How would you choose one outlet, brand or model over others? Would others make same choice in same way.

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