Strategic Management
Reporting Sales Performance
Decision Support
Utilizing Insights for Strategy
Support
Cost Reduction
Data Requirements
Risk Mitigation
Key Roles in Data Governance 
Data governance is a critical aspect of business analytics that ensures data
management practices are effective, consistent, and aligned with organizational goals
...Data Governance Council The Data Governance Council is a
strategic body responsible for the overall direction and oversight of data governance initiatives
...
Reporting Sales Performance Strategic Decision-Making: Informing
management decisions regarding resource allocation and sales strategies
...
Decision Support Components of Decision Support Systems Component Description Database
Management System (DBMS) Stores and manages the data used for analysis and decision-making
...Data-Driven Insights: Transforms raw data into actionable insights, supporting
strategic planning and operational decisions
...
Utilizing Insights for Strategy business analytics, descriptive analytics plays a crucial role in transforming raw data into meaningful insights that inform
strategic decision-making
...SAS - A software suite used for advanced analytics, business intelligence, and data
management ...
Support Access to data sources and databases Support for data governance and compliance
Strategic Support Guidance on aligning analytics with business objectives Support for developing a data-driven culture Assistance with performance
...Data
Management Support in managing data quality, accessibility, and integration from various sources to ensure reliable analysis
...
Cost Reduction Lean
Management Adopting lean management principles helps eliminate waste and optimize resource use, resulting in reduced costs
...Despite the challenges involved, a
strategic approach to cost reduction can yield significant benefits in the long run
...
Data Requirements Understanding these requirements is crucial for organizations aiming to leverage data for decision-making, operational efficiency, and
strategic planning
...Key components of data governance include: Data Stewardship: Assigning responsibility for data quality and
management to specific individuals or teams
...
Risk Mitigation This process is essential for organizations seeking to maintain stability and achieve their
strategic goals
...Updating risk registers to reflect new information Conducting audits and assessments to ensure compliance with risk
management policies Importance of Risk Mitigation in Business Analytics In the context of prescriptive analytics, risk mitigation is vital for making informed decisions
...
Performance Insights This process involves collecting, processing, and analyzing historical data to generate actionable insights that can guide
strategic decisions
...Customer Relationship
Management (CRM) Systems Platforms like Salesforce that help track customer interactions and sales performance
...
Data Collection reasons: Informed Decision Making: Accurate data enables businesses to make informed decisions that align with their
strategic goals
...Risk
Management: Organizations can identify potential risks and mitigate them through data-driven insights
...
Nebenberuflich (nebenbei) selbstständig m. guten Ideen 
Der Trend bei der Selbständigkeit ist auf gute Ideen zu setzen und dabei vieleich auch noch nebenberuflich zu starten - am besten mit einem guten Konzept ...
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