Business analytics – managing data ! easy assignment!
Assignment 1: Discussionâ€”Managing Data
There are many solutions today that can help organizations reduce their need for an in-house MIS for decision making or at least provide better storage solutions. With the amount of data that organizations collect and utilize, they need to consider all of the available options to ensure that the system will perform according to expectations.
Another thing that you need to consider when it comes to MIS and decision-making systems is that when inaccurate or incomplete data is entered, you will get bogus results. This is also known as garbage in, garbage out (GIGO). You need to be sure to review all of the data for accuracy before any decisions are made that will affect the organization. A failure to review could result in analysts making critical decisions based on faulty data.
Using online library resources and the Internet, research the efficacy of MIS and decision-making systems.
Respond to the following:
- With the technology available today, could organizations get to a point where they could let the computers (information systems) generate decisions instead of managers? If yes, do you think you would truly trust the decisions the computer generated? Why or why not?
- Cloud computing has come into the marketplace over the past few years. What are some advantages of using a cloud-based solution? Would this be something your past or current organization could utilize? Why or why not?
- You have learned that the data utilized should align with the outcomes for which the business is striving. What if the data does not align with the business outcomes? What potential issues could this cause in terms of making an informed decision? Explain.
- You have examined making informed decisions based on the data with the information system. Once an organization starts utilizing an information system or decision-making system, can that organization become dependent upon it for all the answers? If the systems go down, will the organization still be able to make decisions or will everything be put on hold? Explain your answer using examples to illustrate your ideas.
Write your initial response in 300â€“500 words. Apply APA standards to citation of sources.
Study Acers provides students with tutoring and help them save time, and excel in their courses. Students LOVE us!No matter what kind of essay paper you need, it is simple and secure to hire an essay writer for a price you can afford at StudyAcers. Save more time for yourself. Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more