DATCB565 - Data Analysis And Business Analytics

Question # 00839348 Posted By: wildcraft Updated on: 03/08/2023 11:42 PM Due on: 03/09/2023
Subject Business Topic General Business Tutorials:
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DATCB/565: Data Analysis And Business Analytics Competency 1 - Reflection

Assignment Content

Competency 1 Statement
Utilizing statistical and data analytic frameworks, you will be able to evaluate and analyze the role big data plays in business decision-making. You will also demonstrate the ability to analyze and graphically describe key business data in Excel, allowing business leaders to achieve a competitive advantage. 

Consider the following:

  • How is data analytics different from statistics? 
  • What are the main differences between descriptive, predictive, and prescriptive analytics tools?
  • How do businesses use analytics to convert raw operational data into actionable information?
  • Reflect on the following in a minimum of 500 words.
    Think about the organization you work for (or any other organization you are familiar with). Does the organization use data analytics? 
  • If so, how is it used? How can the organization improve the way it uses data analytics? What opportunities is the organization missing out on?
  • If not, how could data analytics be used to improve the organization's performance?
  • Submit your reflection.
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Tutorials for this Question
  1. Tutorial # 00834813 Posted By: wildcraft Posted on: 03/08/2023 11:43 PM
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