Scenario Analysis
Data Sources
Risk
Supporting Organizational Change with Data
Results
Strategic Planning
Revenue Forecasting
Development
Evaluate Strategic Initiatives 
Cost-Benefit
Analysis Evaluating the financial implications and potential return on investment (ROI)
...Scenario Planning: Exploring and preparing for various future scenarios to understand potential impacts
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Risk Assessment Risks Operational Risks Compliance Risks Market Risks Reputational Risks Risk
Analysis: Once risks have been identified, they are analyzed to understand their potential impact and likelihood of occurrence
...Scenario Analysis Involves creating detailed scenarios to assess potential risks and outcomes
...
Data Sources They provide the raw material necessary for
analysis and decision-making
...Accuracy The degree to which data correctly reflects the real-world
scenario it represents
...
Risk Provides a more objective
analysis; useful for detailed evaluations
...Scenario Analysis Involves creating hypothetical scenarios to assess potential risks and outcomes
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Supporting Organizational Change with Data Key roles of data include: Identifying Needs for Change: Data
analysis can reveal performance gaps, customer feedback, and market trends that necessitate change
...Scenario Analysis Organizations can simulate different change scenarios to evaluate potential outcomes and select the best course of action
...
Results In the realm of business and business analytics, the term "results" refers to the outcomes derived from data
analysis processes, particularly in the context of prescriptive analytics
...Scenario Analysis Evaluating different scenarios to understand potential outcomes
...
Strategic Planning SWOT
Analysis: An assessment of the organization's strengths, weaknesses, opportunities, and threats
...Scenario Planning: Involves creating different scenarios to anticipate future challenges and opportunities
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Revenue Forecasting Some widely used quantitative methods are: Time Series
Analysis: Analyzes historical data points to identify trends and patterns
...Scenario Planning: Developing different scenarios can help prepare for various market conditions
...
Development Description Optimization Finding the best course of action for a given situation based on data
analysis ...Scenario Analysis Evaluating different scenarios to understand potential outcomes and impacts
...
Support Strategic Partnerships with Data Business Analytics in Strategic Partnerships Business analytics involves the use of statistical
analysis, predictive modeling, and data mining to drive business decisions
...Decision Making By analyzing various
scenarios, prescriptive analytics helps organizations make informed decisions regarding their partnerships
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