Question

What are the key components that Argosy must put into place to create an environment for a successful BI and analytics program? What complications can arise from gathering data from six different operational databases covering six riverboat gambling casinos and hotels? The Argosy BI and analytics program is aimed at boosting revenue not at reducing costs. Why do you think this is so? What specific actions must Argosy take to have a successful program that will boost revenue and offset some of the increases in costs?

Answer 1

Answer:

Answer for the question is given in the attachment

Explanation:

Answer 2

Answer 01:

Argosy has developed a centralized enterprise data house to capture the data.

Argosy developed an extract transform load (ETL) tool to gather and integrate the data from six different operational database in this operational database help argosy management make quicker and well informed decision.

Answer 02:

Data base are used to update data in real time the major complication arises from gathering data from six different  operational database.

• Data security:
• Cost  
• Connection problem  
• Data integrity problem  

Answer 03:

If your product or service is price sensitive pay special attention to your pricing strategy find out what your competition is charging and raises or low price based on your goals.

Lowering your price can increase revenue o make up for lower margins, raising your price and create a higher perceived value in the mind of consumers and increase your margins raising your price can also increase your revenue without increasing sales.

Answer 04:

Argosy develop good products because of a competition in the market. If the product is good and margin is high then you can increase the cost of the product.

Product is depend upon the customer satisfaction if the product quality good then the cost doesn't mater for the product.