Signify a particular real-life phenomenon/scenario wherein the process of business analytics is manifested in all stages: Creation Stage, Collection Stage, Curation Stage, Communication Stage, Conclusion, and Conception Stage. Explain in thoroughly what happens in each stage of the cycle. Definitions of the stages: Creation Stage- Creation of data from operational and/or transactional sources Collection Stage- Consolidation of relevant data to a single repository to answer what happened Curation Stage- Finding patterns to answer why it happened and what could likely happen next Communication Stage- Development of various options to suggest what should be done next Conclusion Stage- Deciding on the course of action, Implementing it and enabling change Conception Stage- Monitoring and Measuring the effects of the change, and planning for the next iteration.
Signify a particular real-life phenomenon/scenario wherein the process of business analytics is manifested in all stages: Creation Stage, Collection Stage, Curation Stage, Communication Stage, Conclusion, and Conception Stage. Explain in thoroughly what happens in each stage of the cycle.
Definitions of the stages:
Creation Stage- Creation of data from operational and/or transactional sources
Collection Stage- Consolidation of relevant data to a single repository to answer what happened
Curation Stage- Finding patterns to answer why it happened and what could likely happen next
Communication Stage- Development of various options to suggest what should be done next
Conclusion Stage- Deciding on the course of action, Implementing it and enabling change
Conception Stage- Monitoring and Measuring the effects of the change, and planning for the next iteration.
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