Notes

Think about data analytics being done at your work, bank or telecom provider. And recall the approaches described in section 11.2.1 of BABOK. What type of BI approach is being followed in that context? Explain your response.

Predictive analytics approach was used at previous work at trading company where we use previous years sales and purchase records of crops as the frame of references to predict what could be possible returns of the company for this crop season. I have mentioned that there few patterns could be detected in prices of crops one is that when production of any particular is more than prices are relatively low, then at my previous it was estimated before that how much is our budget to buy any particular amount of products.

or

A strategic decision approach has been used in developing a mobile application for Patanjali products. Stakeholders have analyzed the market and tried to fulfill the requirements of their customers by providing products at home. Moreover, after analyzing, product development also has been done by stakeholders. For instance: due to covid-19 individuals were having symptoms of Covid making them scary, Stakeholders have decided to make Coronil medicine and other's products so that people can improve their immunity and can easily fight the virus.

All the information and facts about Covid from different doctors have been gathered and used to take appropriate action to deal with the situation. To support executive-level of change business intelligence deals well in this context because it does not only provide a solution to customers in this hard time but also will work well in future sales by saving time.