GMS 200 Lecture Notes - Lecture 14: Business Analytics, Business Intelligence

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: William Onuwa

Document Summary

Useful information criteria: need information to make informed decisions. Timely the information is available when needed, it meets deadlines for decision making and action. High quality- the information is accurate and it is reliable, it can be used with confidence. Complete the information is complete and sufficient for the task at hand, it is current and up to date as possible. Relevant the information is appropriate for the task at hand, it is free from extraneous or irrelevant materials. Understandable- the information is clear and easily understood by the user, it is free from unnecessary detail. Analytics sometimes called business analytics or management analytics, describes the systematic evaluation and analysis of information to make decisions. Information technology- helps us acquire, store and process information. > example: companies can now easily share the latest financial results so that employees know current profits and how they compare with past results and desired targets.