Name : Justine Mae M.

Galindo Year & Section: BSBA FM 3G

CONCEPT MAPPING
 Better
Business analytics is decisions
the scientific process of transforming dataPrepare
into insight for making
better decisions. Business analytics is used for data-driven or fact-based decision making which
is often seen as more objective than other alternatives forConnect
decision making. As we shall see, the
tools of business analytics can aid decision making by creating insights from data, by improving
Build
Transforming
our ability to more accurately forecast for planning, by helping us quantify risk, and by yielding
better alternativesdata Insights
through analysis and optimization.
Analyze
Analytics have life cycle which is a series of phases that every business
intelligence and analytic project Page 1 tends to go through. The lifecycle is essentially
Collaborate
one of iteration in that once data Lifecycle
and analytic products have been deployed to end
users the discovery that end usersProcess
data-driven make and the additional questions they ask
Page 2
creates the need for new content and so the process starts again. First is
connecting to data, second is preparing data for analysis, third is build analytics content, fourth is
Used Decision making
analyze
fact-based manually and automatically
decision and last is collaborate and share insights.
making Predictive Page 1 analytics is one of the types of analytics Page 1 which
means ANALYTICS
understanding the future. It looks into the future to
provide insight into what will happen and includes what-if scenarios and risk assessments and
Other Insights
uses many techniques from data mining, modeling machine learning, Data to
and artificial intelligence
alternatives
analyze current data to make predictions about future. Predictive modeling uses mathematical
and computational methods to predict an event or outcome.
Forecast
Predictive analytics Ability
Decision making
Planning
Risks
Predictive modeling Understanding

Page 5
the future Analysis
Alternatives
Page 4 Optimization
Mathematical

Techniques
Computational Data mining

Modeling machine learning

Event / outcome artificial intelligence