Employee Performance Evaluation
Continuous Improvement
Importance of Data in Business
Decisions
Analyzing Operational Data with BI
Summary
Data Mining for Decision Making
Optimizing Resource Allocation
Usage 
organizations to convert data into actionable insights, improving efficiency, understanding customer behavior, and enhancing overall
performance ...4 Human Resources In human resources, data analysis supports:
Employee performance
evaluation and management
...
Continuous Improvement This approach encourages a culture where
employees at all levels are engaged in the improvement process
...Organizations utilize analytics to identify trends, measure
performance, and uncover insights that guide improvement initiatives
...Key aspects include: Model
Evaluation: Regularly assessing model performance against established benchmarks
...
Importance of Data in Business Performance Measurement: Organizations can track performance metrics to assess the effectiveness of their strategies
...Human Resources
Employee performance
evaluation, recruitment analysis, and workforce planning
...
Decisions Making the Decision: Choosing the best alternative based on the
evaluation ...Key aspects include: Descriptive Analytics: Understanding past
performance through data analysis
...Sales reports,
employee performance metrics External Data Data sourced from outside the organization
...
Analyzing Operational Data with BI various types of data, including: Transactional data Customer data Supply chain data Financial data
Employee performance data 2
...Root cause analysis, performance
evaluation Predictive Analytics Uses statistical models and machine learning techniques to forecast future outcomes
...
Summary Analysis: Financial analysts use statistical techniques to assess investment risks, forecast revenues, and evaluate financial
performance ...Human Resources: Statistical analysis aids in workforce planning,
employee performance
evaluation, and understanding employee satisfaction
...
Data Mining for Decision Making Pattern
Evaluation: Assessing the significance and usefulness of identified patterns
...Human Resources:
Employee retention analysis, recruitment optimization, and
performance evaluation
...
Optimizing Resource Allocation predictive analytics, optimizing resource allocation can lead to significant improvements in operational efficiency and overall
performance ...resource allocation can lead to: Increased productivity Cost savings Improved project outcomes Enhanced
employee satisfaction Better decision-making Key Factors Influencing Resource Allocation Several factors influence how resources are allocated within an organization:
...Risk Assessment The
evaluation of potential risks associated with resource allocation decisions
...
Big Data Impact Employee performance evaluation ...
Environments These environments include: Workplace: Dynamics that affect
employee performance and productivity
...Performance
Evaluation: Metrics for evaluating model performance may vary based on the context
...
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