Write a 2-3 page proposal for the resources and tools needed to create an advanced analytics department for an organization.
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Introduction
This portfolio work project will help you analyze business problems that could be addressed using advanced analytics. It will also give you experience with comparing advanced analytics tools and methods, while offering the opportunity to create a proposal for procurement of analytic tools and resources to assist in addressing business problems.
Scenario
Your organization has made it a goal this year to incorporate analytics more into its decision making process.
You will apply this scenario to either Option A or Option B, as described in the Requirements section below.
Your Role
You are a new manager or entrepreneur who is responsible for proposing, creating, and managing an advanced analytics department for your organization.
Requirements
Before you choose a company, please read the assessment instructions carefully. The company and industry you use will play a major role in how you develop the assessment. Be sure that:
- The company fits the assessment requirements.
- You have access to the kinds of business problems the company faces, or you are able to research the kinds of business problems a company within that industry faces.
- You can distribute the data without disclosing confidential company information.
Contact faculty if you have any questions.
The executive team in your organization has tasked you with creating an advanced analytics department and then managing the department going forward. They expect a proposal from you for the resource and technology or tool needs of the new department. To create this proposal, you will need to consider the industry the organization is part of, the offerings of the organization, and the types of business problems the organization faces. Keeping these things in mind, create a proposal for your new advanced analytics department that will be presented to the executive team for approval and funding.
Prepare a proposal for your analytics resources:
- Describe the company and industry.
- Explain the types of problems the company faces (or will face in the future).
- Identify the types of analytics methods that might be used to address the business problems.
- Recommend analytics tools the organization should procure.
- Develop a profile of the skills and competencies necessary for the analyst(s) you would hire to work in the new department.