Identification And Evaluation
Analyze Product Performance Metrics
Search Strategy
Data Mining for Customer Journey Mapping
Evaluating Historical Data for Trends
Impacts
Scenario Planning
Risk Assessment
Analyze Product Performance Metrics 
This process involves the collection, measurement,
and interpretation of data related to product performance, helping businesses make informed decisions to enhance their offerings and drive profitability
...classified into qualitative and quantitative approaches: Qualitative Analysis Qualitative analysis involves subjective
evaluation of product performance through methods such as: Customer Interviews: Direct conversations with customers to gain insights into their experiences and perceptions
...Identification of profitable product lines for investment
...
Search Strategy A search strategy is a systematic plan designed to identify, locate,
and retrieve relevant information from various sources
...Source
Identification: Determine which databases, websites, or repositories will be searched
...Evaluation Criteria: Establish criteria for evaluating the relevance and credibility of the information retrieved
...
Data Mining for Customer Journey Mapping Data mining for customer journey mapping involves the extraction of valuable insights from large datasets to understand
and optimize the customer experience throughout their interaction with a brand
...It outlines each step of the journey, from initial awareness to post-purchase
evaluation ...Identification of Key Touchpoints: By analyzing data, businesses can identify critical touchpoints in the customer journey that significantly impact customer satisfaction and loyalty
...
Evaluating Historical Data for Trends This process involves analyzing past data to identify patterns, correlations,
and trends that can inform future business decisions
...Importance of Evaluating Historical Data The
evaluation of historical data is essential for several reasons: Informed Decision-Making: Historical data provides a factual basis for making informed decisions, minimizing reliance on intuition alone
...Trend
Identification: By analyzing past trends, businesses can anticipate future movements in the market
...
Impacts Data mining, a crucial component of business analytics, has transformed the way organizations operate by uncovering patterns
and insights from large datasets
...Performance Measurement: Data mining facilitates the
evaluation of business performance metrics, enabling organizations to identify areas for improvement
...The impacts include: Market Trends
Identification: By analyzing market data, organizations can identify emerging trends and adapt their offerings accordingly
...
Scenario Planning It is particularly useful in business analytics
and machine learning contexts, where uncertainty and complexity are prevalent
...Overview Scenario Planning involves the
identification of various potential futures based on different variables and uncertainties
...Document the scenarios and strategies for future reference and
evaluation ...
Risk Assessment Risk assessment is a systematic process used in business analytics to identify, evaluate,
and prioritize risks associated with various business activities
...Components of Risk Assessment The risk assessment process typically consists of several key components: Risk
Identification: The first step involves recognizing potential risks that could impact the organization
...Risk
Evaluation: After analysis, risks are evaluated to determine their significance in relation to the organization’s objectives
...
Cost Analysis It is a critical component of business strategy
and helps organizations make informed decisions by understanding the financial implications of their actions
...It includes the
identification, measurement, and
evaluation of all costs associated with a particular decision or project
...
Plans In the realm of business analytics
and data mining, "plans" refer to strategic frameworks and methodologies designed to guide organizations in achieving their objectives through data-driven decision-making
...Data Sources
Identification of relevant data sources needed for analysis, including internal and external data
...Evaluation Metrics Criteria used to assess the effectiveness of the plan and its outcomes
...
Using Data Analysis for Competitive Strategy Organizations leverage data to gain insights into market trends, customer behavior,
and operational efficiencies, allowing them to make informed decisions that enhance their competitive advantage
...Market Trend
Identification: Analyzing market data allows companies to anticipate changes and adapt their strategies accordingly
...Root cause analysis, performance
evaluation ...
Nebenberuflich (nebenbei) selbstständig m. guten Ideen 
Der Trend bei der Selbständigkeit ist auf gute Ideen zu setzen und dabei vieleich auch noch nebenberuflich zu starten - am besten mit einem guten Konzept ...
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