Description
Business Intelligence and Social Analytics Please respond to the following:
From this week's video (https://www.lynda.com/Excel-tutorials/Identifying-data/423403/456689-4.html), examine three ways you believe that social networks have “leveled the playing field” between major corporations and small businesses.
Sports teams have
Provide your opinion on teams that use sports analytics.
Explain whether or not you believe these teams maintain an advantage over those that do not.
Big Data and Knowledge Management Please respond to the following:
Predict three problems that you foresee occurring when dealing with big data.
Propose three solutions to these foreseen problems.
Suppose that you are in charge of knowledge management and have a highly knowledgeable IT person who refuses to transfer knowledge.
Propose two different approaches to handling this situation.
Explanation & Answer
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Business Intelligence and Social Analytics
Social platforms and leveling the gap
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Business Intelligence and Social Analytics
It was difficult for small businesses to compete with big ones some time back. The
competition was much especially regarding marketing, where the big companies emerged with
an upper hand in advantage. But with the coming up of social media, the playing ground has
been leveled, and the small businesses are as good as the big ones in their marketing tactics
(Aral, 2013). The company gains mileage to keep track of what their competitors are doing
through these social platforms.
Teams that Use Sports Analytics
The sports industry is incorporating advanced analytical techniques and big data. The
employment of analytics seen in games for use in the management of the game, development of
the players, training, and the making of financial decisions and also in marketing. The governing
bodies in sports can use the analytics to examine the legal environment within their companies.
The use of analytics has tremendously grown with the growth of technology and computing
around the world. The purpose of this is to help decision makers with the firms make better
judgments as compared to the past (Mc Afee, 2012).
Sports objectives are always two ways as their aim at achieving success in the field as well as
meeting the financial targets of the company. The two goals are not mutually exclusive as one
may take more weight as compared to the other. The analytics has in the recent days crossed to
board rooms where firms are using big data to make decisions over pricing and also marketing.
Analytics are more likely to be used by teams with disadvantages such as small market size so as
they can compete with other big teams. There is a difference in investment in analytics personnel
and technology across the sports industry.
Using Sports Analytics
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Business Intelligence and Social Analytics
Teams that use sports analytics have an advantage over those that do not use this method.
It is because it helps the team to find its strength and also know their weaknesses. Before a team
talks about their competitor's analytics enables a team to evaluate their strengths and weaknesses
and how to use them to benefit them as a team. It also enables a team to strategize as the team
gets to understand their rivals and develop their strategy (Dizikies, 2013). A team can maximize
their opportunity to strike very hard. It also helps the team in their bud...
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