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Business Analytics Practices & Managerial Implications Discussion

Business Analytics Practices & Managerial Implications Discussion

Business Analytics Practices & Managerial Implications Discussion

1. Survey the literature from the past six months to find one application each for DSS, BI, and analytics. Summarize the applications on one page, and submit it with the exact sources.

2.Go to http://analytics-magazine.org/issues/digitaleditions and find the January/February 2012 edition titled “Special Issue: The Future of Healthcare.” Read the article “Predictive Analytics—Saving Lives and Lowering Medical Bills.” Answer the following questions:

a. What problem is being addressed by applying predictive analytics?

b. What is the FICO Medication Adherence Score?

c. How is a prediction model trained to predict the FICO Medication Adherence Score HoH? Did the prediction model classify the FICO Medication Adherence Score?

d. Zoom in on Figure 4, and explain what technique is applied to the generated results.

e. List some of the actionable decisions that were based on the prediction results.

3. Search the Internet for material regarding the work of managers and the role analytics plays in it. What kinds of references to consulting firms, academic departments, and programs do you find? What major areas are represented? Select five sites that cover one area, and report your findings.

4. Find information about IBM Watson’s activities in the healthcare field. Write a report.

References: At least three peer-reviewed, scholarly journal references.

Chapter 1 in Analytics, Data Science & Artificial Intelligencetextbook of discussion and exercise.

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