Running Head: DATA ANALYTICS IMPLEMENTATION1Data Analytics ImplementationEsther R. De La GarzaNovember 11, 2018Embry Riddle Aeronautical UniversityDr. Robert Wietzel
DATA ANALYTICS IMPLEMENTATION 2Table of ContentsIntroduction......................................................................................................................................3Return on Investments.....................................................................................................................3Major Stakeholders..........................................................................................................................4Communications Plan......................................................................................................................5Data Mining Tools...........................................................................................................................5Risks................................................................................................................................................6Analysis of Current Enterprise Information Systems......................................................................7Alignment to Business Objectives...................................................................................................7Implementation of the Plan..............................................................................................................8Data Visualization............................................................................................................................8Background Information..................................................................................................................8Business Problem.............................................................................................................................9Objectives........................................................................................................................................9Timeline.........................................................................................................................................10Conclusion.....................................................................................................................................10
DATA ANALYTICS IMPLEMENTATION 3IntroductionThe success of any business or company is a vital objective that has to be met by theowner of the firm. Regular evaluation of a business is crucial to determine the growth anddevelopment of a business as well as a company. Different firms use different methods ofassessment. However, the use of business analytics has become popular among firms andcompanies to evaluate the business. Business analytics are the techniques that are used byvarious organizations to measure performance("What are Business Analytics (BA)? - Definitionfrom Techopedia," 2018). For business analytics to be implemented, there must be a developedplan to ensure that the methods are practiced effectively. This is a business analyticsimplementation plan for Blessings Inc. Limited. The company is primarily involved in the sellingof household appliances and home garden equipment. The research will develop a BusinessAnalytics Implementation Plan for Blessing Inc. Limited.Return on InvestmentsTo evaluate the performance of a business, company or a firm, the stakeholders measurethe performance of the entity. Return on investment (ROI) is a technique that is used by businessanalysts to determine the growth and development of a business ("Return on Investment (ROI),"2018). ROI measures the amount of return on a particular company concerning the cost ofinvestment directly. In the recent past, ROI has become a favorite technique to determine thesuccess direction of a business. This popularity has been gained from the versatility andsimplicity of the metric. ROI is an essential method to gauge the profitability of the investment.If the business has low returns on investments, it is considered non-profitable hence it becomes aliability to the owner. ROI is simple since the calculation is not complicated as well as itsinterpretation. A successful business must have proven to have a higher return on investment.
DATA ANALYTICS IMPLEMENTATION 4Business analytics plan determines the return on investment of a business by getting thefinancial data of the entity. The analytics improve access to data, ensures data integrity, increasesengagement and agility, improves decision making, and promote business intelligence (Liu et al.,2016). Thus, by accessing the financial data, the analytics can access the performance of thebusiness genuinely. Additionally, business analytics improves the decision making since they
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