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QUESTION
1.Identify Data for Actionable Management Decision Making Formulate and critically evaluate the requirements for data needed to enable actionable decision making for addressing the management problem or opportunity. As you do so, focus on the following: A. From the literature, explain the concepts and implications of the following processes for establishing the scope of data requirements for decision making related to your selected management problem or opportunity: • Business intelligence • Data mining • Knowledge management • Knowledge acquisition and reasoning use of artificial intelligence or expert systems B. Select the types of data and information needed for the key decisions to be made related to the management problem or opportunity (see I-B-2,3). C. Appraise potential secondary or archival data to be acquired for the decision environment. D. Distinguish potential primary data to be collected for the decision environment. E. Evaluate the strengths and limitations of the data collection plan related to actionable decision-making processes.
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