A unified foundation for business analytics

Business Analytics and Data Science: Once Again?

“…Business Analytics is a relatively new term and there does not seem to be an established academic definition. Holsapple et al (2014) write, ''a crucial observation, on which the paper is based, is that 'the definition' of analytics does not exist''. They describe Business Analytics as ''evidence-based problem recognition and solving that happen within the context of business situations'', and also highlight that mathematical and statistical techniques have long been studied in business schools under such titles as Operations Research and Management Science, Simulation Analysis, Econometrics, and Financial Analysis.…”

Using business intelligence to support the process of organizational sensemaking

“…Moreover, BI systems are eminently suited to support retrospection because they efficiently process vast amounts of structured data about an organization's past events, transactions, and situations (Wixom et al, 2014). Contemporary BI tools can also employ unstructured data, such as text drawn from websites and social media, to form a retrospective view of an organization and its larger social context (Holsapple, Lee-Post, & Pakath, 2014). Large data volumes generally enhance retrospection, create new opportunities for organizational change and improvement, and facilitate trend predictions (Russom, 2011).…”

Integrating Knowledge Management and Business Intelligence Processes for Empowering Government Business Organizations

“…Some of the attempts have been done by the authors to integrate knowledge management for real time Business Intelligence and its benefits [25]. In [26], author has focused on tacit knowledge and explained it as a vital component for organization. However, management of tacit knowledge is a challenging task.…”