1. If you were to be asked, how do you find analytics?

Is it more of a skill or a

profession?

For me, analytics is more of a skill than a profession. A skill is the learned ability to

do an activity with predictable outcomes, which includes the information,

competences, and abilities required to conduct tasks. Skills can be learnt through life

and job experiences, as well as through formal education. Your ability to succeed or

fail in life is often determined by what you learn and experience. A great formula for

success is hard work paired with real-world on-the-job experience. Having some

experience in the field or knowledge in a certain things will eventually have a fruitful

lesson in the end that can be a guide for the future problem.

2. In what way does Business Intelligence aid in predictive business analytics?

Business intelligence improves a company's decision-making process by utilizing

data to answer questions about the company's past and present. Teams across a

business can use it to measure key performance metrics and organize around goals.

Business intelligence help predictive analytics to enhance transparency by detecting

and analyzing historical and current trends, as well as the hidden nature of data. In

order to be competitive in company, previous and current insights and trends are not

enough. In order to better comprehend the market, business organizations must

have a better understanding of the future, namely future trends, patterns, and

customer behavior. To predict future outcomes, it is critical to understand predictive

business analytics at this time. Traditional analytics aid in determining what went

correctly and wrong in decision-making. Today's tools are only good for looking back.

However, while one cannot erase the past, one can better prepare for the future, and
 decision-makers would like to see a predictable future, be able to manage it, and

take action today to achieve tomorrow's objectives.

3. Do executives and managers need to have a good analytics skill or just entrust

the scope of work to their subordinates? Why or why not?

All the executives and managers should have a good analytical skill. The ability to

gather and evaluate data, solve problems, and make judgments is referred to as

analytical skills. Leaders with these abilities can assist a firm in resolving challenges

and boosting overall productivity and performance. Leaders should not always rely

the works on their subordinates particularly when it comes to the decision making.

Analytical skill can hold the outcome of the future because it allows to find solutions

to common problems and make informed decisions about which action to take next.

As a leader, having this kind of skill can improve work, assist in the achievement of

corporate goals, and eventually support personal career aspirations.

4. What is the role of Predictive Business Analytics (PBA) in decision-

management?

Predictive Business Analytics is a method that employs existing tools and techniques

to continuously assess past and future business performance in order to inform

corporate decisions and actions. The balanced scorecard, forecasting, target

planning, and managerial costing are some of the existing instruments. In order to

better comprehend the market, business organizations need to know more about the

future, specifically about future trends, patterns, and customer behavior.

Understanding predictive business analytics is the need of the hour at this point.

Predictive Business Analytics necessitates knowledge and awareness of the

 organization's activities in order to define metrics across all functions and how they

interrelate, and to begin to forecast trends and behaviors that have a financial

impact. It provides a wealth of information about how businesses work. Data analysis

can help with many elements of business, including customer acquisition and

retention, manufacturing efficiency, and risk and loss avoidance.

5. Explain how important Automated-Based Management is for analytics. How

will it make the fact-based decision making easier for the lives of the business

organizations?

Automated-based management is a software and hardware combination that is built

and programmed to run automatically without the need for a human operator to

provide inputs and instructions for each action. Given with the demands of hundred

percent availability and seamless continuity, automated-based management is the

only method for firms today to successfully ensure that their computer systems are

running at their maximum level to satisfy the demands of the business. Any

company's most valuable asset is its data. Systems management face ongoing

pressure to maintain high levels of service and dependability because computers

and applications are deployed throughout most enterprises. Higher production rates

and productivity, more efficient material usage, improved product quality, improved

safety, shorter labor workweeks, and shorter manufacturing lead times are all

benefits of automation. Two of the most compelling arguments for using automation

have been greater output and productivity.