n this study, the current debates on Business Analytics (BA) revolve around the need for a deeper understanding of how organizations can effectively leverage data and analytics for the transition to a circular economy. There is a discussion on the lack of research linking firms'

To understand the reach and scope of business analytics, let’s undertake an independent activity. Understand the following scenario and follow along: For the purpose of this discussion, pick a company/institution of your choice - you are free to choose the firm that you are working with, or, if you are unemployed, you may choose one from an industry that you know about well. If you are a student, you can take the case of your college/university as well - after all, every institution uses data to draw insights today. Now suppose the accessibility of data as a barrier has been removed. You can collect all the data you need - resources are not an obstruction. Note down five possible outcomes that you can now achieve for your company/institution. To keep it relevant, think about them from a business perspective. Now evaluate those outcomes in the present context - keeping in mind the constraints of your company, the resources you might have, the problems with accessing the data, the business viability, etc. Consider what your competitors might be doing and whether the solutions are possible at scale. For all your possible outcomes, discuss why it is possible or why it is not possible. Discuss the areas in which your company/institution is lagging behind and the developments that could help improve the outcomes. Note that you are not expected to know all about the capabilities of either your institution or analytics in general. The purpose of this discussion is to stimulate your analytical thinking. Comment on your peers’ answers and develop a critical review of all points presented.

How the business analytics can help the company in improving its operation

Which of the following is an example of how organizations use business analytics?  A. Predicting customer demand to optimize inventory management.  B. Streamlining organizational structure and reducing workforce.  C. Outsourcing data analysis to third-party vendors.  D. Standardizing processes and procedures within organizations.

0:00[MUSIC] With this course, you'll become an expert on strategic business analytics. As we'll explain later, we'll help you develop four sets of skills needed to leverage value from data. Analytics, IT, Business, and Communication.Play video starting at ::25 and follow transcript0:25We'll discuss a wide variety of examples from the business world. Different functions such as marketing or supply chain, and different sectors such as the telecommunications sector, the retail sector, the public sector, and so on. In order to analyze the related data. We'll present different techniques, use the strategic business analytics. How to find groups of similar and dissimilar observations. How to find relationships between causes and consequences. How to make forecasts, and how to make all those techniques relevant for your business.Play video starting at :1:4 and follow transcript1:04Actually, we will pay special attention to the business aspect of those questions.Play video starting at :1:9 and follow transcript1:09What is the actual problem we want to solve? And how can we make our conclusions really convincing, actionable, and efficient?Play video starting at :1:19 and follow transcript1:19At the end of each module, there will be a recital of the different techniques for helping you to wrap up the tools and techniques presented during this module.Play video starting at :1:31 and follow transcript1:31There will be then a quiz to complete. For the last module, we will require you to produce a business level output of your analysis that will be evaluated by the other partic

Which of the following describes using data analytics to inform business operations?answerRaw data analysisMarket analysisData-driven business decisionsResearch analysis