The course unit (CU) aims to present the main concepts related to Business Analytics, introduce Business Analytics implementation frameworks, and present a framework for identifying an organization’s Business Analytics capabilities, as well as a range of technologies and tools—namely data visualization tools, analytics software, and machine learning algorithms. Future trends will be discussed as well.
Business Analytics
Frameworks
Analytics and visualization software
Machine learning algorithms
Upon completion of the CU, the student is expected to demonstrate abilities to:
- Understand the concept of Business Analytics;
- Know the main implementation frameworks for Business Analytics and a framework to identify an organization’s Business Analytics capabilities;
- Become familiar with various data visualization tools and analytics software;
- Know key machine learning algorithms;
- Identify and understand the applicability of different types of machine learning algorithms;
- Apply the knowledge acquired.
I. Business Intelligence vs. Business Analytics, and the role of Business Analytics in decision-making;
II. Core concepts and frameworks in Business Analytics, including descriptive, predictive, and prescriptive analytics;
III. Frameworks used in organizations to implement Business Analytics, including the CRISP-DM model and agile methodologies;
IV. Business Analytics technologies and tools: introduction to data visualization tools, analytics software, and machine learning algorithms;
V. Future trends.
Optional:
Vidgen, R., Kirshner, S. and Tan, F. (2019), "Business Analytics: a management approach”, Red Globe Press.
Mandatory:
Resources made available for each topic (mandatory reading/viewing) – please consult the schedule and topics in the class.
E-learning.
Continuous assessment is privileged: 2 digital written documents (e-folios) during the semester (40%) and a final digital test, Global e-folio (e-folio G) at the end of the semester (60%). In due time, students can alternatively choose to perform one final exam (100%).