Nikixandra T. Beltran BS Computer Engineering Moneyball 1. What is business analytics?

September 23, 2013 Ms. Karla Pacificador

Business analytics (BA) is the practice of iterative, methodical exploration of an organizations data with emphasis on statistical analysis. Business analytics is used by companies committed to data-driven decision making. Business analytics is used to gain insights that inform business decisions and can be used to automate and optimize business processes. Data-driven companies treat their data as a corporate asset and leverage it for competitive advantage. Successful business analytics depends on data quality, skilled analysts who understand the technologies and the business and an organizational commitment to data-driven decision making. About.com

Business analytics refers to the skills, technologies, applications and practices for the continuous exploration of data to gain insight that drive business decisions. Business analytics are multi-faceted. It combines multiple forms of analytics and applies the right method to deliver expected
results. It focuses on developing new insights using techniques including, data mining, predictive analytics, natural language processing, artificial intelligence, statistical analysis and quantitative analysis. In addition, domain knowledge is a key component of the business analytics portfolio. Business Analytics can then be viewed as the combination of domain knowledge and all forms of analytics in a way that creates analytic applications focused on enabling specific business outcomes. Frank Diana 2. How is it applied to the movie? As an observation while Im watching the movie the application of the business analysis here was the investigation that yielded these perceptions was not uneducated number crunching, but an analysis guided by practice knowledge. The initial analysis concentrated not on outcomes such as hits and runs, but on procedure variables, such as the event of hitter hitting the ball to a specific position, at a specific speed and trajectory.

The result from such a hitter's actions is subject to numerous issues, as well as luck. For example, the same line drive could sometimes result in a single, a double or an out. But it is possible to estimate the probabilities of these outcomes and, in turn, how these consequences affect the "state" of the inning. The state of the inning agrees the quantity of outs and the locations of runners on the bases/centers. The expected number of runs for a given state can be assessed from the thousands of time this state has been observed in the past. In addition to this is the part of selecting the players/athletes, and the whole baseball industry had focused on how they can change to the best quality players per dollar, but the goal is to win, not to field the best athletes. 3. What is it importance to modern management? The availability of strong business-focused analytical talent will be the greatest constraint on a companys analytical proficiencies. The outsourcing of analytics will become an eye-catching substitute as the need for particular skills that will lead organizations to look for outside help. Analytics allows a company to concentrate on taking action based on insights delivered by the outsourcer. The outsourcer can influence these specialized resources across multiple clients. As the importance of analytics grows, organizations will have an option to outsource. We will see more organizations establish enterprise data management smarter approaches such as information lifecycle management as opposed to the common approach of throwing more hardware at the growing data problem. The information administration challenge will grow as millions of nextgeneration tech-savvy users use feeds and mash-ups to bring data together into usable parts so they can answer their own questions. This gives rise to new challenges, including data safety and supremacy.

4. How the four functions of management does applied in the movie? (planning, organizing, etc.) Planning: They analyze first together with team owner on how they can get the best quality players. What type of players should they employ and this led to a focus in evaluating the players fielding, pitching, quickness, hitting and hitting for power. Organizing: How they chose and picked-out the players base on their given types and categories. Leading: How Billy Beane, the general manager of the Oakland As take over the decision making. Controlling: How Billy Beane and the rest of the managers monitor and evaluate the actual performance of the team. 5. As future managers, will you use business analytics in your decision making? Yes. Merely because every organization or business who desires to gain momentous competitive benefit should fully exploit the possible of analytics. To increase an edge over your race in any field, one must not rely only on the limits such as knowledge and instinct. One needs to use analytics to assess available possessions and best ways to implement strategies for a great win. Does the above assures a success? I think its not more often its a trial and error root but it surely does increase the chance for a win.