Business Analytics Research Report

Added on - 21 Feb 2021

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Table of ContentsINTRODUCTION...........................................................................................................................11. Sources of data and usage of data analytics for identification of trends within decision-making.........................................................................................................................................12. Visualisation of decision-making process and analytics.........................................................33. Three decision-making technologies and tools.......................................................................44. Findings...................................................................................................................................5Conclusion.......................................................................................................................................5References........................................................................................................................................5
INTRODUCTIONBusiness analyticsrefers to techniques as well as methods that can be used byorganisation for measuring performance. Basically, they denotes statistical methods which canbe applied for specified project(Chae and Olson, 2013). Normally, they are being used forevaluation of entire organisation. It denotes a visual, quantitative as well as systematic approachthat is being used for addressing as well as evaluation of crucial choices that are made bybusinesses. Decision analysis makes use of wide range of tools for assessment of significantinformation that assist within malformation of decision making process. This report is based onSAS Institute which is an American multinational developer of analytics software. It isresponsible for development as well as markets a suite of analytics software that aids with inassessment, management, analysis and report on data which will assist within decision-making.This report comprises of sources of data for identification of trends along with visualisation andanalytics for supporting process of decision-making. In addition to this, different tools andtechnologies with respect to this have been covered in this report.1. Sources of data and usage of data analytics for identification of trends within decision-making.The process of examination of data sets for drawing conclusions with respect toinformation contained in them that aids within specialised software and system is referred to dataanalytics. Generally, it denotes basic needs of business intelligence. OLAP (Online analyticalprocessing) as well different forms associated with advanced analytics. Management techniquesin which statistical tools or techniques like probabilistic forecasting, multivariate analysis anddecision tree analysis can be applied within mathematical models of real world problems refersto decision analysis(Delen, 2014).SAS Institute makes use of data analytics applications withinboth their external and internal sources. They comprises of demographic data or whether data orany data which is required for carrying out their operations in an appropriate manner. SASInstitute have options for making use of any kind of sources from these as per trends prevailing,they have been illustrated below:Descriptive analytics:Such kind of analysis will assist them (SAS Institute) to answerquestions associated with what has been happened(Chae and Olson, 2013). For an instance,SAS Institute is responsible for development of statistical analysis system for differentdepartments, they can make use of information like how many patients are hospitalised in this1
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