You have explored many options for managing data as well as its
importance to the overall health of an organization in making
well-informed decisions. Many organizations feel that they have to
utilize powerful and expensive solutions, but there are also cheaper
alternatives. For example, MS Excel can be a great tool to manage data
and identify answers to any questions. Thus, whether your organization
is big or small, all the tools need to be evaluated to determine the one
that will work best, not only in managing the data but also in lowering
the overall cost. Managing cost is important, as you do not want to
implement a solution that will bankrupt the organization; that, in
itself, is an ill-informed decision.
Using the online library resources and the Internet, research tools and techniques of managing data.
Respond to the following:
- What would be some of the mistakes or consequences of not investigating the costs associated with the organization’s information systems (data collection) choice? Besides going bankrupt, what other effects could it have on the organization? Could it lead to bad decision making? Explain.
- What systems does your organization utilize, either as a whole or per department? Is this solution effective? Why or why not? Is there a solution that would be more effective? If not, explain why.
- With the various solutions available today, which one do you think
would work best for you? Meaning, which of these solutions (such as MS
Excel or a decision-support system) would work best on the following
criteria:
- Ease of use
- Interpretation of data
- Sharing of data
- Often, we think of business analytics as only for businesses. However, can any of these tools be used for personal decision making? Provide some examples of how you could utilize these tools.
Write your initial response in 300–500 words. Apply APA standards to citation of sources.
By the due date assigned, post your response to the appropriate Discussion Area. Through the end of the module, review and comment on at least two peers’ responses. Consider the following in your response:
- Provide a statement of clarification or a point of view with rationale.
- Challenge a point of discussion or draw a relationship between one or more points of the discussion.
Field of study:
