BACHELOR OF BUSINESS ADMINISTRATION

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BUSINESS ADMINISTRATION

BUSINESS ANALYTICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
An essential element to consider is that ____ tools depend upon a process, and then, the generated findings will bring business value. It requires understanding the relationship between data in the form of data preparation, visual analysis and guided advanced analytics.
A
Data Discovery
B
Connected Clouds
C
Data Quality Management (DQM)
D
Collaborative Business Intelligence
Explanation: 

Detailed explanation-1: -Data analytics is the process of inspecting, cleansing, transforming, and modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making.

Detailed explanation-2: -Data quality management is a set of practices that aim at maintaining a high quality of information. It goes all the way from the acquisition of data and the implementation of advanced data processes, to an effective distribution of data. It also requires a managerial oversight of the information you have.

Detailed explanation-3: -Types of data analysis: Prescriptive (What’s the best course of action?) Prescriptive analytics looks at what has happened, why it happened, and what might happen in order to determine what should be done next.

Detailed explanation-4: -There are four types of analytics, Descriptive, Diagnostic, Predictive, and Prescriptive. The chart below outlines the levels of these four categories. It compares the amount of value-added to an organization versus the complexity it takes to implement.

There is 1 question to complete.
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