Over the years, technology has not only changed the way individuals utilize it but also how organizations utilize it. As each generation of technology improves and changes, the availability of technology in the field of business paralytics also changes. Therefore, businesses need to do all they can to keep current with these trends and ensure their staff is current as well.
Using the university online library resources and the Internet, research the latest technology that is being utilized in the field of business paralytics for data-driven decision making. Select at least 2 scholarly sources for use in this assignment.
Complete the following:
- Find and describe at least three technological components that are required for data-driven decision making. Be sure to explain how each component is relevant to business analytic s.
- Describe how a company would implement each of these components of technology. Explain the purpose and how it would be utilized within the company. Explain any other considerations that should be taken into account.