Automated Data Analysis: Exploring Techniques and Business Strategies

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Added on  2023/03/24

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This report analyzes the effectiveness and usefulness of automated data analysis within organizations. It explores the concept, significance, and techniques used in automated data analysis, addressing research questions about its role and strategies to improve business performance. The literature review highlights automated data analysis as the creation and implementation of technology that automatically processes data and information. It emphasizes the importance of automated data processing in improving work quality, saving time, and enabling effective decision-making. The report concludes that automated data analysis is crucial for securing business data, improving productivity, and delivering timely information to customers.
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Automated data analysis
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Background of the study
In the present time, automated data processing technology plays
a very crucial role by which information and messages can
collect, store, manipulates, prepare and distribute.
With assistance of the automated data processing, large amount
of information and data can quickly and efficiently can proceed
with minimal people interaction.
This helps to the individual in sharing information and keep
stored large information in an effective manner.
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Research Aim & Objective
To analyse the effectiveness and usefulness of automated data analysis within the organisations
Objective
Explore the meaning and concept of automated data analysis
Analyse the significance of the automated data analysis within the organisation
Determine the techniques which used in the automated data analysis
Recommend the strategies to improve the business performance by sue of automate data
analysis
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Research Question
What is the concept of automated data analysis?
What is the role and importance of automated data analysis?
What are various techniques used in automated data analysis?
What are different strategies to improve business performance by use of
automated data analysis?
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Problem Statement
In the present proposal the major aim of the
scholar is to analyse the effectiveness and
usefulness of the automated data processing and
analysis in the companies.
The major problem for the researcher is that it is
very vast topic so includes all relevant articles and
method is very difficult for the scholar.
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Rational of the study
Automated data analysis and processing is very significant in the present time within the
business enterprise by which company can keep store, safe, secure and transfer the
information.
The major reason for selecting this automate data analysis topic is that scholar have huge
interest in this topic about automated data analysis.
With help of this topic, business firm can improve its internal business performance by keep
securing business information and its use in the effective and quality work.
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LITERATURE REVIEW
According to the view of Abdillah, (2014) automated data analysis is the
creation and implementation of technology that automatically processes
data and information. In order to implement this automated data processing
method within the company, firm required effective and impressive
technology like computer, other communication electronics which help in
collecting, storing, manipulate, prepare and distribute information
(Abdillah, 2014).
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Conti...
In the opinion of Bilbao-Osorio, Dutta and Lanvin, (2013) automated data
analysis and processing helps to the organisation in improving the quality
of work and accomplish all task within a limited period of time. It helps in
saving the time by provide the information within the limited time period
(Borghoff and Pareschi, 2013). Management can able to take the effective
decision on the time and use information for the organisation objective.
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Role and importance of automated data processing in
the company
According to the view of Bulgurcu, Cavusoglu and Benbasat, (2010) within
the organisation , there is huge importance of automated data analysis in
the business enterprise by which company can easily keep secure and safe
its data and information about the business by help of electronic mediums
and software.According to the view of Davenport, (2013) automated data
processing and analysis help in improving the business productivity and
quality of work because within minimal time period all information can
easily transfer, stores and keep safe and secure within the company.
Management can effectively deliver the right and correct information to
the customer at the right time with help of automated data analysis
(Bilbao-Osorio, Dutta and Lanvin, 2013).
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References
Abdillah, L.A., 2014. Managing information and knowledge sharing cultures
in higher educations institutions. arXiv preprint arXiv:1402.4748.
Bilbao-Osorio, B., Dutta, S. and Lanvin, B., 2013, April. The global
information technology report 2013. In World Economic Forum (pp. 1-
383).
Borghoff, U.M. and Pareschi, R. eds., 2013. Information technology for
knowledge management. Springer Science & Business Media.
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