Management Assessment
Data Analysis Techniques
Realizing the Value of Machine Learning Insights
Performance Statistics
Trends
Evaluation
Market Analysis
Data Review
Decision Trees 
Domain Application Finance Credit scoring and risk
assessment Healthcare Diagnosis and treatment recommendations Marketing Customer segmentation
...Marketing Customer segmentation and targeting Retail Inventory
management and sales forecasting Manufacturing Quality control and predictive maintenance Popular Algorithms for
...
Understanding Predictive Analytics Framework Data can be collected from various sources: Internal Data Sources: Transactional databases, customer relationship
management (CRM) systems, enterprise resource planning (ERP) systems, and other operational databases
...Finance Credit scoring, risk
assessment, and fraud detection
...
Data Analysis Techniques Decision Trees, Neural Networks) Applications Predictive analysis is applied in: Sales forecasting Risk
assessment Customer behavior prediction 4
...Decision Analysis Applications Prescriptive analysis is beneficial for: Resource allocation Supply chain
management Marketing strategies 5
...
Realizing the Value of Machine Learning Insights Personalized Marketing Increased customer engagement and sales Finance Risk
Assessment Improved loan approval processes and reduced defaults Healthcare Predictive Diagnostics Early detection of diseases and improved
...Change
Management: Resistance to adopting data-driven approaches within the organization
...
Performance Statistics Sales forecasting, risk
assessment ...Change
Management Implementing changes based on performance statistics can face resistance from employees
...
Trends Application Benefits Retail Sales performance analysis Improved inventory
management Healthcare Patient outcome tracking Enhanced patient care Finance Risk
assessment Better
...
Evaluation Definition Evaluation in business analytics refers to the systematic
assessment of the performance and effectiveness of analytical models and strategies
...Risk
Management: It aids in identifying potential risks associated with different business strategies
...
Market Analysis Market analysis is a comprehensive
assessment of a market within a specific industry
...Risk
Management: Understanding market conditions can help identify potential risks and opportunities
...
Data Review Establish Data Governance Policies: Develop and implement policies that guide data
management and review practices
...Quality Metrics Lack of standardized quality metrics can complicate the
assessment of data quality
...
Investment Strategy Risk
Assessment: Analyzing the volatility and potential losses of an investment strategy using tools like Value at Risk (VaR)
...Ignoring Costs: Not considering fees associated with trading and
management can erode returns
...
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