Reference no: EM131160797
Assignment 1: The New Frontier: Data Analytics
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 or Strayer Library to research articles on data analytics. Select one (1) industry or one (1) company that is currently using data analytics. Use the industry / company you have selected as the basis for your written paper.
Write a four to six (4-6) page paper in which you:
Define data analytics in general and provide a brief overview of the evolution of utilizing data analytics in business.
Analyze the main advantages and disadvantages of using data analytics within the industry or company that you have chosen.
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.
Analyze the overall manner in which data analytics transformed the industry or company you selected with regard to customer responsiveness and satisfaction.
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.
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.
Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
|
Implementing an innovation strategy
: What are the four key issues that should be addressed in implementing an innovation strategy? Explain each and how they are related to each other.
|
|
Complaints at an e-commerce retailer
: 1. Over the last year 1,800 injections were administered at a clinic. Quality is measured by the proper amount of dosage as well as the correct drug. In six instances, the incorrect amount was given, and in three cases, the wrong drug was given...
|
|
How does objective time differ from subjective
: How does objective time differ from subjective? What does this have to do with management and Supervision
|
|
Explain this tendency of industrial clusters to break up
: Explain this tendency of industrial clusters to break up in terms of the theory of external economies.
|
|
Overview of evolution of utilizing data analytics business
: 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 questi..
|
|
Change supplier relationships now
: Ford Motor Company is more than 100 years old? Why take the step to change supplier relationships now?
|
|
Determining the acting in good faith
: Requiring that all parties mediate "in good faith" causes a lot of conflict where one party thinks the other is not acting in "good faith". In the following example please decide whether you think each party is negotiating in good faith or not and..
|
|
What are the rights of people to privacy
: When there are technological advances, security concerns are often paramount. How much of a role can/should the government play in new technology, and ethically, what are the rights of people to privacy when choosing new technology
|
|
What would determine who produces the good
: Consider a situation similar to that in Figure 7-3, in which two countries that can produce a good are subject to forward-falling supply curves. In this case, however, suppose that the two countries have the same costs, so that their supply curves..
|