Operational Strategy
Development
Data Quality Assurance
Predictive Analytics
Insight Generation
Business Applications of AI
Data Collection
Creating Value with Business Intelligence
Predictive Analytics 
It is widely used in various industries to enhance decision-making and improve
operational efficiency
...applications and benefits of predictive analytics are expected to grow, making it an essential component of modern business
strategy ...
Development Operational Efficiency: Streamlined processes and improved analytics lead to enhanced operational efficiency
...Development in the context of business analytics, particularly prescriptive analytics, is a vital aspect of modern business
strategy ...
Data Quality Assurance Increased
Operational Efficiency: Accurate data minimizes errors and reduces the time spent on correcting data issues
...Planning: Develop a
strategy for improving data quality, including setting objectives and defining roles
...
Predictive Analytics (K)
Healthcare Patient outcome predictions, disease outbreak forecasting,
operational efficiency
...capabilities and applications of predictive analytics are expected to grow, making it an essential component of modern business
strategy ...
Insight Generation business intelligence, focusing on the process of transforming data into actionable insights that can inform decision-making and
strategy ...Insight Generation is vital for organizations aiming to enhance their
operational efficiency, improve customer satisfaction, and drive growth
...
Business Applications of AI Improved decision-making, predictive analytics, and
operational efficiency
...Conclusion AI has become an integral part of modern business
strategy, driving innovation and efficiency across various sectors
...
Data Collection business and business analytics, data collection plays a crucial role in understanding market trends, customer behavior, and
operational efficiency
...Decision-Making: Data collection provides the necessary insights that enable businesses to make informed decisions regarding
strategy, operations, and customer engagement
...
Creating Value with Business Intelligence Increased
Operational Efficiency Identifying inefficiencies and optimizing processes leads to cost savings
...include: Tableau Power BI QlikView Implementing Business Intelligence Implementing a Business Intelligence
strategy involves several steps: Define Objectives: Clearly outline the goals and objectives of the BI initiative
...
Criteria Operational Criteria: These pertain to the operational effectiveness of a decision, including efficiency, productivity, and resource utilization
...Strategic Criteria: These involve long-term goals and objectives, assessing how a decision aligns with the overall
strategy of the organization
...
Data Analysis in Supply Chains of supply chain networks, organizations are leveraging data analytics to gain insights that drive strategic initiatives and
operational improvements
...Inventory Management Techniques Description Just-In-Time (JIT) A
strategy that aligns raw-material orders with production schedules
...
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