Data Analysis Data And Business Processes - 1229 Words

The era that we live in, in the year 2015 is considered the â€Å"big data† era. Industries all over the world are analyzing data and determining marketing and business processes to attract consumers. Data analysis which started off on a much smaller scale today can be used in much broader aspects from coupons you receive in your email, to advertisements you see when you use applications on your smart phone data also can be used to determine the frequent of a customer to a particular store or website. These are both processes of data analytics being used and conveyed in a way to attract customers or satisfy consumer needs. Data analysis focuses on finding the specific data to answer your question, understanding the processes underlying the data, discovering the important patterns in the data, and then communicating your results to gain optimal results. Data is not a new concept in any form, the technology of today’s world makes obtaining and analyzing data easier. The recent decades have seen a fundamental change in the model of data analysis. IMB Tech Trends Report (2011) identified business analytics as one of the four major technology trends in the 2010s. According to Chen (2012) Business intelligence began its practice in business and IT communities just a few decades ago in the 1990s. In the 2000s business analytics was introduced to represent the key analytical components in business intelligence. The business intelligence and data analytics previously adopted in anShow MoreRelatedA Business Process Explorer : Recovering And Visualizing E Commerce Business Processes1001 Words   |  5 Pagesâ€Å"A Business Process Explorer: Recovering and Visualizing E-Commerce Business Processes† is a research paper developed by the author: Jin Guo, King Chun Foo, Liliane Barbour, and Ying Zou. The focus of this paper is a business process and how it affects e-commerce systems. Business process can be defined as an assortment of linked, designe d actions or responsibilities that are linked together by control flow foundations. E-commerce uses business processes to systematize the day-to-day work flow ofRead MoreBusiness Intelligence Is The Gathering And Analysis Essay1175 Words   |  5 PagesBusiness Intelligence Business Intelligence is the gathering and analysis of large amounts of information so as to gain insights that propagate strategic and tactical business decisions. Business Intelligence is the conglomeration of the processes and technologies which change data into information. It encompasses a wide category of technologies, including data warehousing, multidimensional analysis or online analytical processing, data mining and visualization, as well as basic queries and multipleRead MoreBusiness Performance Management Assessment Tools1160 Words   |  5 PagesBusiness performance management is a set of management and analytic processes that enable the management of an organisation s performance to achieve one or more pre-selected goals. Synonyms for business performance management include corporate performance management and enterprise performance management.[1][2] Business performance management is contained within approaches to business process management.[3] Business performance management has three main activities: 1. selection of goalsRead MoreDesigning A Model Using Structured Analysis Techniques1401 Words   |  6 Pagesof the business and what must be required of the new system. The next step in designing and implementing the new system is determining the processes that will be applied to the data and graphically representing them in a model using structured analysis techniques. Process models are used to identify and document the portion of system requirements that relates to data. Processes are the logical rules that are applied to transform the data into meaningful information. During this phase, data flow diagramsRead MoreBusiness Intelligence Is The Gathering And Analysis1229 Words   |  5 Pages Business Intelligence Business Intelligence is the gathering and analysis of large amounts of information so as to gain insights that propagate strategic and tactical business decisions. Business Intelligence is the conglomeration of the processes and technologies which change data into information. It encompasses a wide category of technologies, including data warehousing, multidimensional analysis or online analytical processing, data mining and visualization, as wellRead MoreProcess Modeling, Er Diagram and Logical Data Modeling969 Words   |  4 Pagesdiagram and Logical Data Modeling Authors Yogini Wagh Process Modeling Process modeling is the concise description of the total variation in one quantity, by partitioning it into a deterministic component given by a mathematical function of one or more other quantities, plus a random component that follows a particular probability distribution. Software process modeling and business process modeling are the techniques for obtaining a better understanding of business processes. In other termsRead MoreIntroduction. Predictive Analytics Is Quantitative Analysis1371 Words   |  6 PagesAnalytics is quantitative analysis to support predictions. Predictions of for example - product sales, costs, headcount, metrics; customer churn; credit scoring; cross sell / up sell opportunities; market campaign response; anomalies, fraud. SAP Predictive Analytics is business intelligence software from SAP that is designed to enable organizations to analyze large data sets and predict future outcomes and behaviors. For example, SAP Predictive Analytics can help make sense of big data and the Internet ofRead MoreCanadian Tires1543 Words   |  7 Pagesaddress them? Business Intelligence (BI) is the consolidation and analysis of internal data and / or external data for the purpose of effective decision-making. At the core of all BI initiatives is a data warehouse to hold the data and analytics software. The data warehouse stores data from operational systems in the organization and restructures it to enable queries and models to extract decision support reports. The primary objective of BI was to support and enable business and IT strategiesRead MoreThe Availability Of New Information Management And Supporting System Like Data Warehousing, Business Intelligence, Analytics, And1176 Words   |  5 Pagesinformation management and supporting system like Data Warehousing, Business Intelligence, Analytics, and/or Big Data has produced a remarkable moment in the history of data analysis. Researching on this topic is very interesting for me. Thank Professor Kraft that gives me opportunity to explore more on these topics. Taking this opportunity, I would like to provide a brief summary of the book that discuss about the Profitable Data Warehousing, Business Intelligence and Analytics. The book publishedRead MoreWhat And How Social Data1347 Words   |  6 PagesWhat and how to analyze social data Sentiment Analysis (Opinion Mining). It is used to understand the emotion conveyed in a textual message. It involves identifying the opinion, extracting the features or objects for which the opinion is expressed and then categorizing the opinion as a positive, negative or neutral and thus assigning it a polarity (Liu 2010). The growth in social media provides a wider platform which has allowed for an abundance in the expression of opinions, including product reviews