Business Analytics
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
Business Analytics
Business analytics is the process of using data, statistical algorithms, and technology to extract insights and knowledge from data to inform business decisions. It is a rapidly growing field that is becoming increasingly important for companies of all sizes and industries.
One of the key benefits of business analytics is the ability to make data-driven decisions. By using statistical techniques to analyze data, companies can identify patterns, trends, and insights that would otherwise be difficult to see. This allows them to make more informed decisions and improve their overall performance.
Business analytics can be applied in a variety of ways, including:
Predictive modeling: This involves using statistical techniques to predict future outcomes based on historical data. This can be used to forecast sales, predict customer behavior, and identify potential risks.
Descriptive analytics: This involves analyzing data to describe and understand past performance. This can be used to identify patterns and trends that can inform future decision making.
Prescriptive analytics: This involves using data and analytical models to recommend specific actions to take in order to achieve a desired outcome.
One of the most important tools for business analytics is data visualization. By visualizing data, companies can more easily identify patterns and trends. This can be done using a variety of tools, including spreadsheets, business intelligence software, and data visualization software.
There are several different techniques that can be used in business analytics, including:
Data mining: This involves using statistical techniques to extract insights from data. It can be used to identify patterns and relationships that would otherwise be difficult to see.
Machine learning: This involves using algorithms to analyze data and make predictions. It can be used for tasks such as image recognition, natural language processing, and predictive modeling.
Statistical analysis: This involves using statistical methods to analyze data and make inferences. It can be used to test hypotheses, estimate population parameters, and make predictions.
One of the most important aspects of business analytics is data quality. In order for analytics to be effective, the data used must be accurate, complete, and relevant. This means that companies must have processes in place to ensure data quality, such as data validation, data cleaning, and data governance.
Another important aspect of business analytics is data security. As companies collect and store more data, it is becoming increasingly important to ensure that this data is protected from unauthorized access, theft, and other security threats. This means that companies must have robust security measures in place, such as encryption, access controls, and incident response plans.
The field of business analytics is constantly evolving, and new tools and techniques are being developed all the time. Some of the latest trends in business analytics include:
Big data: This involves using large and complex data sets to extract insights and make predictions. It can be used in a variety of industries, including healthcare, finance, and retail.
Artificial intelligence: This involves using machines to simulate human intelligence, such as problem solving and decision making. It can be used to automate tasks, make predictions, and improve overall performance.
Cloud computing: This involves using remote servers to store and process data. This allows companies to access data from anywhere and scale their analytics capabilities as needed.
In conclusion, business analytics is a rapidly growing field that is becoming increasingly important for companies of all sizes and industries. By using data, statistical algorithms, and technology to extract insights and knowledge from data, companies can make more informed decisions and improve their overall performance. However, data quality and security are critical for the success of any business analytics initiative.
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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Business Analytics
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