Discussion:
Business Analytics Implementation Plan Part 1
Implementing a Data Management System
With the implementation of business analytics, an organization will also need to implement a good information systems plan in order to collect, manage, and organize all of the data. Not only is an information system needed, but the data has to be organized in a structured way otherwise any queries will produce bad results. This could be catastrophic for an organization because managers would be making decisions based on bad data. To make sure that the query generates good reports, you need to think about how to best organize data for each of the markets you are exploring.
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Using the University online library resources and the Internet, research ways of optimizing data organization.
Respond to the following:
An organization does not have a good Management Information System (MIS) in place to help manage all of their data. What are some of the possible problems this could cause for decision makers?
Assume you are going to conduct some research in the field of toy making. What are some of the items for which you would want to collect data? For example: market trends in toy making, latest sales nationwide, etc. How would these pieces of data help the company to determine what toy to release for the holiday market?
With the implementation of an MIS for decision making, what would be some of the concerns related to ensuring that the organization can support the system? Would you control access to the system? Would there be someone to keep the data structures updated? Be sure to explain your ideas when answering these questions.
Why would an organization want to create an implementation plan for the integration of a MIS? Is this something that needs to be well thought out and, if so, why?