Strategic Management
Big Data Applications in Finance
Textual Representation
Textual Insights Extraction
Performance
Data Strategy
Urban Biodiversity Conservation Plans
Tools
Data Analytics 
data, particularly large sets of data, to uncover patterns, correlations, and insights that can support decision-making and
strategic business initiatives
...analysis Applications Industry Application Supply Chain Inventory
management Finance Portfolio optimization Healthcare Treatment optimization Importance of Data Analytics
...
Understanding Sales Trends and Metrics for several reasons: Informed Decision-Making: Sales metrics provide data-driven insights that help
management make
strategic decisions
...
Big Data Applications in Finance Some of the key areas where Big Data is applied in finance include: Risk
Management Fraud Detection Customer Segmentation Algorithmic Trading Regulatory Compliance Credit Scoring Key Applications of Big Data in Finance Application
...Competitive Advantage: Institutions can stay ahead of competitors by leveraging data analytics for
strategic planning
...
Textual Representation Textual representation enables organizations to process and analyze this data, facilitating better decision-making and
strategic planning
...Risk
Management: Textual representation aids in identifying potential risks through analysis of regulatory documents and reports
...
Textual Insights Extraction The goal is to convert raw text into structured data that can be utilized for
strategic planning, trend analysis, and operational improvements
...Risk
Management: Identifying potential risks through sentiment analysis and monitoring of public perception
...
Performance Some of the most common techniques include: Balanced Scorecard: A
strategic planning and
management system that uses KPIs to provide a balanced view of organizational performance
...
Data Strategy It serves as a roadmap for leveraging data as a
strategic asset, ensuring that data-driven decision-making is integrated into the organization’s culture and operations
...successful data strategy comprises several key components: Data Governance: Establishes policies and standards for data
management, ensuring data quality, compliance, and security
...
Urban Biodiversity Conservation Plans Urban biodiversity conservation plans are
strategic initiatives aimed at preserving and enhancing the variety of plant and animal life within urban environments
...Park Conservation project in New York City, which aims to preserve the park's diverse ecosystem and promote sustainable land
management practices
...
Tools SAP BI Comprehensive BI solutions, data integration Enterprise reporting, performance
management Oracle BI Advanced analytics, mobile access Sales forecasting, operational reporting
...These tools are essential for risk management and
strategic planning
...
Statistical Analysis Risk
Management: Statistical analysis aids in assessing risks and uncertainties, enabling businesses to mitigate potential losses
...Statistical analysis is an essential tool in the realm of business analytics, facilitating informed decision-making and
strategic planning
...
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