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The Challenges of Business Analytics: Successes and Failures
|Title:||The Challenges of Business Analytics: Successes and Failures|
|Keywords:||Business Intelligence, Analytics and Cognitive: Case Studies and Applications (COGS)|
Business Analytics, Benefits of Business Analytics, Challenges of Business Analytics, Failed Business Analytics Programs, Successful Business Analytics Programs.
|Issue Date:||03 Jan 2018|
|Abstract:||The successful use of business analytics is an important element of a company’s success. Business analytics enables analysts and managers to engage in an IT-driven sense-making process in which they use the data and analysis as a means to understand the phenomena that the data represent". Not all organizations apply business analytics successfully to decision making. When used correctly, the actionable intelligence gained from a business analytics program can be utilized to improve strategic decision making. Conversely, an organization that does not utilize business analytics information appropriately will not experience optimal decision making; failing to realize the full potential of a data analytics program. This paper examines some organizations that implemented data analytics programs; both successfully and unsuccessfully, and discuss the implications for each organization. Based on the lesson learned, we present ways to implement a successful business analytics program.|
|Rights:||Attribution-NonCommercial-NoDerivatives 4.0 International|
|Appears in Collections:||Business Intelligence, Analytics and Cognitive: Case Studies and Applications (COGS)|
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