Data Analysis and Decision Modeling

DATA ANALYSIS AND DECISION
MODELING

Table of Contents
INTRODUCTION.......................................................................................................................................2
MAIN BODY..............................................................................................................................................2
Evaluate use of business data and level of analytics applied within business..........................................2
SWOT analysis to summarize strengths, weaknesses, opportunities and threats.....................................3
Recommendations on how business can better utilize business analytics................................................4
CONCLUSION...........................................................................................................................................5
REFERENCES............................................................................................................................................6

INTRODUCTION
Data analytics is the methodology of analyzing data in order to draw conclusion about
that info. This information can be used to optimize procedures to increase overall efficiency of
organizations. The current study is based on ALDI, this report evaluate use of business data &
level of analytics applied within company. Furthermore, it will justified strength, weakness,
threat and opportunity in regards to use of BA in firm. It also clarified recommendation based on
SWOT analysis.
MAIN BODY
Evaluate use of business data and level of analytics applied within business
Business data refer to the data and information about business rules, people, resources,
things and functions in relation to operating a business. It is very essential to collect and use
business data & base a company decision on statistical report to obtain precise judgment on how
to more firm forward for sustainability. Use of business data in context of ALDI, is quite
beneficial, some biggest business advantages that firm can achieve from data.
Evaluation on the base of using business data-
Effective data collection, collective with analytics, aid firm stay competitive when new
technology is developed or demand changes within marketplace. It also contribute them
anticipate market needs to cater goods or services before it is requested. By using business Data
Company can provide relevant product to its consumers in effective and timely manner (Wang
and Byrd, 2017).
On the other hand, while using business data several issues will be faced firm that
directly impact on its productivity and profitability. For example, to use business data ALDI had
to pay high amount. Business intelligence software can be costly, initial price can be a obstacle
to chosen firm. For collecting and using business data, latest technologies require that consumer
a lot of time and money as well.