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Recent trends in business analytics

   

Added on  2022-08-20

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Running head: MANAGEMENT
Discussion: Recent Trends in Business Analytics
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Do some research on recent trends in business analytics such as Google
Analytics, cloud computing, artificial intelligence, machine learning and so on.
Focus on one trend and discuss its relevancy to your business or any
business you would like to discuss.
Consider how these analytics tools would impact business decision making.
Week 1: Provide your initial discussion post to the question. Be sure to include
references to any resources you used. You should use at least one resource to help
you with your initial discussion.
Week 2: Respond to at least two of your classmates’ initial posts. Your response
should be substantive and further the discussion. It is OK to be critical and use
critical thinking. That means you can question what your classmates say. Do they
provide their own critical thinking and logic?
Recent trends in business analytics_1
2MANAGEMENT
Technology has advanced and poised which has opened scope for great
innovations such as Artificial Intelligence. Technological advancements have been
used in every sector of business as they have been helped to grow and flourish as
businesses. Artificial Intelligence is one such trend which has emerged as a great
force to have transformed businesses.
Artificial Intelligence and technological advancements have been
revolutionary to add growth and creation of value for the company with their
usages. It should be one of the priorities for a company to get technological
advancements such as Artificial Intelligence to be used for operation which is
extremely helpful to integrate the system (Mitchell, Michalski and Carbonell 2013).
Even though there are extensive usage and reliance of businesses and companies
on Artificial Intelligence by companies while there are plenty which are still learning
and acquiring knowledge about the operation, function and transformational values
which are associated with a company itself.
Artificial Intelligence can be beneficial for the company which is able to
organize and combine data with the help of Intelligent Algorithms and accumulation
of all relevant data put together (Russell and Norvig 2016). The software is able to
understand about the patterns of data. The AI team is extremely strict, for which
they suggest that there might be many symptoms which are associated with the
company.
In a business setting, Artificial Intelligence should be able to multiply its gains
and automatic processes (Klumpp 2018). The intimacy of the audience and the
company will definitely be enhanced in several ways due to integration of
innovation, technology and great services. Artificial Intelligence will be of great use
Recent trends in business analytics_2
3MANAGEMENT
to control Fraud detection Security of data, proper means of marketing, online
security screening and mining of languages. Artificial Intelligence proves to be one
of the most successful to have been brought in the companies and Television
shows.
Recent trends in business analytics_3

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