Business Analytics Assignment

Managing the Data
You have explored many options for managing data as well as its importance to the overall health of an organization in making well-informed decisions. Many organizations feel that they have to utilize powerful and expensive solutions, but there are also cheaper alternatives. For example, MS Excel can be a great tool to manage data and identify answers to any questions. Thus, whether your organization is big or small, all the tools need to be evaluated to determine the one that will work best, not only in managing the data but also in lowering the overall cost. Managing cost is important, as you do not want to implement a solution that will bankrupt the organization; that, in itself, is an ill-informed decision.
Using the Argosy University online library resources and the Internet, research tools and techniques of managing data.
Respond to the following:
What would be some of the mistakes or consequences of not investigating the costs associated with the organization’s information systems (data collection) choice? Besides going bankrupt, what other effects could it have on the organization? Could it lead to bad decision making? Explain. | PLACE YOUR ORDER NOW AT studenthelp.contentfence.com |
What systems does your organization utilize, either as a whole or per department? Is this solution effective? Why or why not? Is there a solution that would be more effective? If not, explain why.
With the various solutions available today, which one do you think would work best for you? Meaning, which of these solutions (such as MS Excel or a decision-support system)  would work best on the following criteria:
Ease of use
Interpretation of data
Sharing of data
Often, we think of business analytics as only for businesses. However, can any of these tools be used for personal decision making? Provide some examples of how you could utilize these tools.

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Write your initial response in 300–500 words. Apply APA standards to citation of sources.
By the due date assigned, post your response to the appropriate Discussion Area. Through the end of the module, review and comment on at least two peers’ responses. Consider the following in your response:
Provide a statement of clarification or a point of view with rationale.
Challenge a point of discussion or draw a relationship between one or more points of the discussion.

SAMPLE SOLUTION

Managing the Data

Managing the various costs associated with data collection is important. It is imprudent to implement practices that will bankrupt the company. Inappropriate information systems can be costly in terms of financial implications and time wastage. The organization would lose out on finances in terms of compensation to workers who take time to learn and work with the failed system. This state of affairs could lead to unsound | PLACE YOUR ORDER NOW AT studenthelp.contentfence.com | and background information, decision makers are unlikely to make beneficial policies. As such, credibility would be at a loss. Linked data system is the predominant system at my | PLACE YOUR ORDER NOW AT studenthelp.contentfence.com | time for experimentation and advanced research. As soon as a given program is approved, the administration allocates time to individuals who will be using it for training purposes. Currently, CXcars operating system is in use. The system was developed by the organization, hence less costly. It is an effective solution that reduces…