Performance Analysis
Big Data in Finance
Realities
Accountability
Enhancing Product Development
Revisions
Business Goals
Predictive Metrics
Creating a BI Implementation Plan 
Intelligence Business Intelligence refers to the technologies, applications, and practices for the collection, integration,
analysis, and presentation of business information
...Key components of BI include: Data Warehousing Data Mining Reporting and Querying
Performance Metrics and Benchmarking Data Visualization 2
...
Synthesis It is a critical step in the data
analysis workflow, enabling businesses to transform raw data into meaningful information that can drive decisions
...By combining historical loan
performance data with current economic indicators and customer credit scores, they developed a predictive model that improved their approval rates while reducing default risk
...
Technology
Big Data in Finance The financial sector has been one of the early adopters of big data technologies, leveraging vast amounts of data to drive
performance and strategic initiatives
...Key techniques include: Predictive modeling Stress testing Scenario
analysis 2
...
Realities They include: Competitive
Analysis: Understanding the strengths and weaknesses of competitors
...Employee Engagement: Fostering a motivated workforce to enhance overall
performance ...
Accountability Performance Improvement: It encourages individuals and teams to perform better, knowing they are responsible for their actions
...This involves: Data Integrity: Ensuring the accuracy and reliability of data used for
analysis ...
Enhancing Product Development The use of data
analysis tools allows businesses to gather, process, and interpret data effectively
...Performance Tracking Monitors product performance and user engagement to guide improvements
...
Revisions Model Revisions Adjusting the parameters and structure of predictive models to improve
performance ...Implement Changes: Making necessary adjustments to the model, data, or processes based on the
analysis ...
Business Goals Understanding and setting clear business goals is crucial for driving growth, improving
performance, and ensuring long-term success
...To achieve this alignment, businesses can follow these steps: Conduct a SWOT
analysis to identify strengths, weaknesses, opportunities, and threats
...
Predictive Metrics Performance Improvement: Organizations can track key performance indicators (KPIs) and identify areas for improvement based on predictive analyses
...Sales Forecasting Predicts future sales based on historical data and market
analysis ...
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