Implementation of business analytics

Reference no: EM13727781

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 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: EM13727781

Questions Cloud

Explain why target is revamping its grocery aisles : Summarize the article and In your own words, explain why target is revamping its grocery aisles

Variety of reward and recognition programs : In 2012, the compensation group at Google embarked on an 18 month mission to create a variety of reward and recognition programs that met the specific needs of its workforce.

Why technology important to support relationship marketing : Be sure to make an electronic copy of your answer before submitting it to Ashworth College for grading. Why is technology important to support relationship marketing

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

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.

Analyze the influence that legal issues and ethics : Analyze the influence that legal issues, ethics, and corporate social responsibility have had on management planning. Provide at least one example for each

Define universal method focused to create growth strategies : Using the business mission, vision and values, innovation in the worlds apart hotel should be formulated so as to make sure its goals and objectives are defined. Innovation is a universal method focused to create growth strategies to the hotel.

Multidimensional models of development : Compare and contrast stage, incremental, and multidimensional models of development. What specific contributions does each perspective make to our knowledge of development? Which model are you most drawn to and why?

Write about macro nd micro enviornment : Read the passage and write what happend in that about marketing and write about macro nd micro enviornment. Also write about physical nd mental availibility

User Account

All Pages