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Study guide Chapter 6 and 7.docx - Chapter 6 Business...

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Chapter 6Business AnalyticsThe extensive use of data and quantitative analysis to support fact based decision making withinorganizations.Understand Business AnalyticsGain a better understanding of current business performanceReveal new business patterns and relationshipsExplain why certain results occurredOptimize current operationsForecast future business resultsTerms BI and analyticsIncludes a wide range of applications practices and technologies fot the extraction transformationintegration visualization analysis interpretation and presentation of data to support improved decisionmakingKey components required: data management, governance, data scientists, management commitmentModern data management requires a true balancing act between enabling self service analysis andprotecting sensitive business informationData governance defines the roles, responsibilities, and processes for ensuring that data can be trustedand used bu the entire organization

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Term
Spring
Professor
He
Tags
Management, extensive use of data

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