Business Analytics: Methods, Models, and Decisions
Business Analytics: Methods, Models, and Decisions
Business Analytics: Methods, Models, and Decisions
and Decisions
Third Edition, Global Edition
Chapter 1
Introduction to
Business Analytics
2
Business Analytics
(Business) Analytics penggunaan:
data, teknologi Informasi, analisis statistik,
metode kuantitatif, dan model berbasis
matematika untuk membantu manajer
mendapatkan wawasan yang lebih baik
tentang operasi bisnis mereka dan membuat
keputusan berbasis fakta yang lebih baik
Business Analytics VS Business Analysis?
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5
6
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Business Analysis Business Analytics
Primary focus on processes, techniques and functions Primary focus is on data and statistical analysis
It is used to solve complex business problems and give It is used to predict future states and drive business
efficient solutions decisions
Functional, business and domain knowledge is required to This requires statistical, mathematical and
for analyzing business requirement. programming knowledge for performing business
analytics
It assists to improve performance by standardizing various The process lead to findings, which helps into further
processes. improvement opportunities.
Defining and standardizing business processes across the Making a dashboard to track the main performance
business units for a company. metrics using statistical methods to predict future
sales based on past sales
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Examples of Applications Business
Analytic( 1 of 2)
• Pricing
– setting prices for consumer and industrial goods,
government contracts, and maintenance contracts
• Customer segmentation
– identifying and targeting key customer groups in retail,
insurance, and credit card industries
• Merchandising
– determining brands to buy, quantities, and allocations
• Location
– finding the best location for bank branches and ATMs,
or where to service industrial equipment
Examples of Applications Business
Analytic (2 of 2)
• Benefits
– …mengurangi biaya, manajemen risiko yang lebih baik,
keputusan yang lebih cepat, produktivitas yang lebih baik,
dan peningkatan kinerja bottom-line seperti profitabilitas
dan kepuasan pelanggan.
• Challenges
– …kurangnya pemahaman tentang cara menggunakan
analitika, prioritas bisnis yang bersaing, keterampilan
analitis yang tidak memadai, kesulitan dalam
mendapatkan data yang baik dan berbagi informasi, dan
tidak memahami manfaat versus biaya yang dirasakan
dari studi analitik.
Copyright © 2021 Pearson Education Ltd. Slide - 12
Evolution of Business Analytics (1 of 2)
• Analytic Foundations
– Business Intelligence (BI)
– Information Systems (IS)
– Statistics
– Operations Research/Management Science (O
R/MS)
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Software Support and Spreadsheet
Technology
• Commercial software
– IBM Cognos Express
– SAS Analytics
– Tableau
• Spreadsheets
– Widely used
– Effective for manipulating data and developing and
solving models
– Support powerful commercial add-ons
– Facilitate communication of results
Top 10 Business Analytics Tools
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Software Used in This Book
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Predictive analytics
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Prescriptive analytics
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Example 1.1: Retail Markdown
Decisions
• Accounting audits
• Economic trends
• Marketing research
• Web behavior
– page views, visitor’s country, time of view, length of time, origin and destination
paths, products they searched for and viewed, products purchased, what reviews
they read, and many others
reliabel
Artinya responden menjawab pertanyaan secara konsisten
valid
Artinya pemahaman atas pertanyaan yang berkaitan dengan variabel sesuai dengan
variabel tersebut
3. Mathematical model:
• Outsourcing cost:
• Q = production volume
•
•
• Breakeven Point:
$50,000 = 50 × Q
Q = 1,000
1. Recognizing a problem
2. Defining the problem
3. Structuring the problem
4. Analyzing the problem
5. Interpreting results and making a decision
6. Implementing the solution