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Research 3 software applications with balanced scorecard, business intelligence, business analytics and predictive analytics tha - Term Paper Example

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Business intelligence and analytics applications are programs that are designed to build quantitative processes that can be used by the management to make important business decisions such as develop or identify new opportunities as well as implement effective strategies…
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Research 3 software applications with balanced scorecard, business intelligence, business analytics and predictive analytics tha
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Download file to see previous pages an effectively reduce a large computation work into a set of sizable computations thereby improving the speed, capability and accuracy of the applications (Winkler, 2011). Analytics applications are often regarded as a sub set of performance management because they are closely related to the analysis of various business processes such as potential risks and account payable analytics and this is critically important during the decision making processes. This paper discuses the three main business analytics applications such as SPSS analytics, SAS analytics application and Oracle analytics software as well ass their potential deployment in cloud computing. IBM’s SPSS predictive software is currently one of the widely used business applications that enable managers to effectively and accurately predict a number of business operations to enable them make smarter decisions, solve their business problems as well as improve outcomes. As predictive analytics software, SPSS provided an integrated approach to predictive analytics through a number of distinct application packages such as data collection, statistics, Modeler and decision management software. Competition in the current business world has been seen at various points and the need to focus so that to remain profitable has encouraged the use of SPSS predictive soft ware and SAS Analytics application software. These softwares have become important tools for analysis of business performance and prediction of the direction an organization takes in terms of strategies and management in order to remain profitable. It has been observed that through usage of such software it has increased the forecast into performance and enabled businesses to make informed decisions. Through such various organizations have gained insights...
r of business operations to enable them make smarter decisions, solve their business problems as well as improve outcomes. As predictive analytics software, SPSS provided an integrated approach to predictive analytics through a number of distinct application packages such as data collection, statistics, Modeler and decision management software. It is currently one of the popular business application software used in business development to gather, analyze interpret and make decisions on the viability and future changes in strategy and concepts. This software have been beneficial to many businesses and organizations. Oracle business analytics is another important application with business intelligence, business analytics and predictive analytics which can be effectively deployed via cloud computing. There are a number of organizational implications of deploying business analytics applications via cloud computing. In conclusion, cloud computing is a new technology that has significantly influenced the use of business intelligence applications. ...Download file to see next pagesRead More
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