Business Analytics 6q1go

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BusinessAnalytics

6q1go

Organizationsthat recognize correct data at the required time cripple the conceptof information failure. The inconsistency results from the inabilityto identify valuable information. Therefore, institutions fail toseek varied viewpoints from which they can derive significantinformation(Moore, 2014).The leadership of such organizations cites the absence of teamworkand information sharing as the major cause of information failure.

Embracinganalytics through the help of the senior management by exploitingvarious approaches such as sustaining and implementing ananalytic-centric environment, requires the executives to support themethods and tools. Business leaders who incline to the strategyembrace fact-based decision-making procedures(Moore, 2014).The professionals dealing with the technology gain suitablemanagement skills that enhance sustainability and continuity ofanalytic development.

Theskills contributors used in predictive statistical models for certainanalysis and reporting have several capabilities includingrelationship skills, quantitative expertise, and business insights.Call centers have been identified as a primary electronic method tomonitor employee performance. The analytic-based strategy observesethical considerations as they relate to employee performance but themanagement needs to strike a balance between observing them andcollecting data.

Hawley(2016) illustrates that companies can use multiple strategies toachieve a competitive advantage. For example, Nicor Corporation, asteel recycling firm in the United States, responds to certain marketsituations by exploiting analytics in its different operations. Thecompany’s management exploits change management, communication,informed selection and technical implementation. Embracing diverseanalytic strategies in various departments eliminates barriers toinstituting a durable relationship that promotes electronic datainterface and vendor management. Harriot and Isson (2013) alsoprovide that leadership provides the ground for successfulimplementation of analytics by aligning the technology to thestrategic plan. Finally, analytics must be disseminated to all thestakeholders for businesses to have maximum benefits.

References

Hawley,D. (2015, September). Using Business Analytics to Secure a Positionin the Supply Chain. In ECIME2015-9thEuropean Conference on IS Management and Evaluation: ECIME 2015(p. 120). Academic Conferences and publishing limited.

Isson,J. P., &amp Harriott, J. (2013). Winwith advanced business analytics: creating business value from yourdata.New York N.Y: John Wiley &amp Sons.

Moore,D. (2014). Roadmaps and Maturity Models: Pathways toward Adopting BigData. In Proceedingsof the 2014 Conference for Information Systems Applied Research ISSN(pp. 2167-1508).

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