Understanding Business Analytics

  • The successful use of Business Analytics is increasingly becoming a differentiating competitive factor. The ability to extract data-driven insights and integrate them into decision-making is becoming growingly important. The underlying technologies are evolving exponentially, the value proposition differs from simple descriptive applications to automated decision-making. Existing approaches found in literature and practice to classify those levels only insufficiently mark down the boundaries between the different technology levels. As a consequence, it is often unclear which characteristics of the technology interact with the working environment, which can be described as a socio-technical system. Using a systematic literature review, this paper identifies the characteristics of Business Analytics and delineates three types of Business Analytics based on case studies. Thus, a starting point for the socio-technical system design and optimization for the use of Business Analytics is created.

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Author:Jonas Müller, Günther SchuhORCiDGND, Brian Nahr, Gerrit HoebornORCiD, Volker StichGND
URL:https://ieeexplore.ieee.org/stamp/stamp.jsp?tp=&arnumber=10041874
DOI:https://doi.org/10.1109/ICTMOD55867.2022.10041874
ISBN:978-1-6654-7027-8
ISBN:978-1-6654-7028-5
ISSN:2159-5119
ISSN:2372-7268
Parent Title (English):2022 IEEE International Conference on Technology Management, Operations and Decisions (ICTMOD)
Subtitle (German):Characteristics and Archetypes
Publisher:IEEE
Document Type:Conference Proceeding
Language:English
Date of Publication (online):2023/03/14
Date of first Publication:2023/03/13
Release Date:2023/03/20
Tag:03; rev
Business analytics; Morphology; Typification
Page Number:7 S.
FIR-Number:SV7778
Name of the conference:2022 IEEE International Conference on Technology Management, Operations and Decisions (ICTMOD)
place of the conference:Marrakesch, Marokko
Date of the conference:23. – 25.11.2022
Institute / Department:FIR e. V. an der RWTH Aachen
Business Transformation
Dewey Decimal Classification:6 Technik, Medizin, angewandte Wissenschaften / 62 Ingenieurwissenschaften