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Blizzard [7]
2 years ago
12

Why is Data-Driven Analytics of interest to companies?

Computers and Technology
1 answer:
vivado [14]2 years ago
4 0

Answer:

It allows companies to make definitive predictions about the future. It gives companies the ability to make informed decisions.

It helps Data Analysts shape an analytics problem from a business problem.

Explanation:

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Problem Statement − Suppose the problem statement at hand is to contain the attrition that happens in companies worldwide. High
Tju [1.3M]

Answer:Analysis is derived from the Greek word ‘analusis’, which translates into ‘breaking up’ in English. Analysis is older than the times of great philosophers like Aristotle and Plato. As discussed in the previous section, analysis is the process of breaking down a big single entity into multiple fragments. It is a deduction where a bigger concept is broken down to smaller ones. This breaking down into smaller fragments is necessary for improved understanding.

So, how does analysis help in design thinking? During analysis, design thinkers are required to break down the problem statement into smaller parts and study each one of them separately. The different smaller components of the problem statement are to be solved one-by-one, if possible. Then, solutions are thought for each of the small problems. Brainstorming is done over each of the solutions.

Later, a feasibility check is done to include the feasible and viable solutions. The solutions that don’t stand firm on the grounds of feasibility and viability are excluded from the set of solutions to be considered.

Design thinkers are, then, encouraged to connect with the diverse ideas and examine the way each idea was composed. This process of breaking down the bigger problem statement at hand into multiple smaller problem statements and examining each as a separate entity is called analysis.

Reductionism

The underlying assumption in analysis is reductionism. Reductionism states that the reality around us can be reduced down to invisible parts. The embodiment of this principle is found in basic axioms of analytic geometry, which says “the whole is equal to the sum of its parts”. However, understanding of a system cannot be developed by analysis alone. Hence, synthesis is required following analysis.

Synthesis

Synthesis refers to the process of combining the fragmented parts into an aggregated whole. It is an activity that is done at the end of the scientific or creative inquiry. This process leads to creation of a coherent bigger entity, which is something new and fresh. How does synthesis come into picture in design thinking?

Once the design thinkers have excluded the non-feasible and non-viable solutions and have zeroed-in on the set of feasible and viable solutions, it is time for the thinkers to put together their solutions.

Out of 10 available solutions, around 2-3 solutions may need to be excluded since they may not fit into the larger picture, i.e. the actual solution. This is where synthesis helps.

The design thinkers start from a big entity called the problem statement and then end up with another bigger entity, i.e. the solution. The solution is completely different from the problem statement. During synthesis, it is ensured that the different ideas are in sync with each other and do not lead to conflicts.

Analysis + Synthesis = Design Thinking

Analysis and synthesis, thus, form the two fundamental tasks to be done in design thinking. Design thinking process starts with reductionism, where the problem statement is broken down into smaller fragments. Each fragment is brainstormed over by the team of thinkers, and the different smaller solutions are then put together to form a coherent final solution. Let us take a look at an example.

Analysis Synthesis

Case Study

Problem Statement − Suppose the problem statement at hand is to contain the attrition that happens in companies worldwide. High quality employees leave the organization, mainly after the appraisal cycle. As a result, an average company loses its valuable human resources and suffers from overhead of transferring the knowledge to a new employee. This takes time and additional human resource in the form of a trainer, which adds to the company’s costs. Devise a plan to contain attrition in the company.

Analysis − Now, let’s break down the problem statement into various constituent parts. Following are the subparts of the same problem statement, broken down to elementary levels.

The employees are not motivated anymore to work in the company.

Appraisal cycle has something to do with attrition.

Knowledge transfer is necessary for new employees.

Knowledge transfer adds to the cost of the company.

Synthesis − Now, let's start solving each problem individually. In this step, we will do synthesis. Let's look at one problem at a time and try to find a solution only for that problem statement, without thinking of other problem statements.

Explanation:

6 0
3 years ago
What is an allocation unit?
sdas [7]
It is a unit of disk space allocation for files and directories. Hope this helps :) 
5 0
3 years ago
Write a program that asks the user for the number of males and the number of females registered in a class. The program should d
Bond [772]

Answer:

import java.util.Scanner;

public class PercentagePopulation {

public static void main(String[] args) {

 // 1. Create an object of the Scanner class

 // This will allow for user's inputs

 Scanner input = new Scanner(System.in);

 // 2. Create a prompt asking the user to enter the number of males

 System.out.println("Please enter the number of males");

 // 3. Receive the number entered by the user and store in an int

 // variable called  number_of_males.

 int number_of_males = input.nextInt();

 // 4. Create a prompt asking the user to enter the number of

               // females

 System.out.println("Please enter the number of females");

 // 5. Receive the number entered by the user and store in an int

 // variable  called, number_of_females

 int number_of_females = input.nextInt();

 // 6. Find the sum of the number of males and females

 // Store the result in an int variable called total.

 int total = number_of_males + number_of_females;

 // 7. Find the percentage of males by using the appropriate

 // formula.  Do a type-casting to allow for division in floating point

               // representation by prepending the number_of_males by (double)

 double percentagemales = (double) number_of_males / total * 100.0;

 // 8. Find the percentage of females by using the appropriate

 // formula.  Do a type casting to allow for division in floating point

               // representation by prepending the number_of_males by (double)

 double percentagefemales = (double) number_of_females / total * 100.0;

 // 9. Print out the results

 System.out.println("Percentage males : " + percentagemales + "%");

 System.out.println("Percentage females : " + percentagefemales + "%");

}

}

Explanation:

Please go through the comments in the code to give an explanation of the program. The source code file has also been added to this response. Please download it and go through it.

Download java
4 0
3 years ago
Frequently used commands can be placed in or on the _____ in the top left corner of the window.
podryga [215]

Answer:

b. Quick Access Toolbar                                        

Explanation:

  • Quick Access Toolbar is a customizable toolbar that is displayed in Microsoft Excel, Microsoft Word, and other Office products.
  • It appears in the top left corner of the window by default.  
  • QAT provides with quick access to frequently used features e.g. the Save, Undo, Redo features.
  • When you click on the drop down menu of QAT, it allows you to customize QAT. This enables you to add and remove the commands that are displayed in the toolbar. These are default commands however, it allows you to add your own commands. You can add commands to the QAT that you frequently use. You can import or export these modifications.
  • For example Excel Quick Access Toolbar contains only 3 buttons by default Save, Undo and Redo.

7 0
3 years ago
During spring in Colorado, ice on the mountain tops melts into water. Some of this water gets trapped in cracks in the mountain
zlopas [31]
Physical weather. It isn't changing the the chemical or biological make up.
3 0
3 years ago
Read 3 more answers
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