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Factory

Unit 5 - Operations management - QB

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Chart Increasing

Unit 1 - Introduction To Business Management - QB

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Briefcase

Unit 2 - Human Resource Management - QB

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Money Bag

Unit 3 - Finance & accounts - QB

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Direct Hit

Unit 4 - Marketing - QB

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Bar-Chart

Unit 6 - Assessment

🌐 An IS is like a digital library, storing loads of data in databases (fancy electronic files).

 
🔐 Administrators, who&#39;ve got the secret key (username &amp; password), can access it to keep stuff safe, especially customer details.

 
🛍️ Real-world example: Imagine Mr. Patel, the owner of a flower shop. He has an IS with contact info of customers. Before special days like Valentine&#39;s, he sends them offers. How cool, right?

📩 They can be linked to email systems and remind you of things like &quot;Hey, you bought birthday flowers last year. Wanna do it again?&quot;

🌟 Two mega-awesome features: Data Mining &amp; Data Analytics

&nbsp;

🛒 Especially for the big fish businesses (like Amazon) that watch every click you make on their website.

🔍 Finding patterns in large amounts of data.

 
🌟 Helps businesses see the future (not literally, duh!) by predicting trends, improving customer relations, saving money, and minimizing risks.

 
👟 Real-world example: Nike wondering if colorful shoe boxes sell more during Christmas. They&#39;d use data mining to check this guess.

🔎 Not about hidden patterns but about conclusions from plain data.

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Types of Data Analytics

<ul>
	<li>&nbsp;Descriptive Analytics - Tells about the past.</li>
	<li>🎥 Example: Cinema manager finds out that 8 pm on Saturday has the most viewers.</li>
</ul>

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Predictive Analytics - Glimpses into the future! 
🍿 Example: Using the above data, the cinema manager might hire extra staff on Saturdays to avoid long queues. Happy customers = Cha-ching!💰

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Prescriptive Analytics - Tells you the best possible action. 
🎬 Example: It could tell the cinema manager the best timings for shows in winter vs. summer and guide them on steps to boost sales!

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💡 In Short: Information Systems (IS) are like digital treasuries. They keep customer data safe, send reminders, and with tools like Data Mining and Analytics, help businesses make smart moves. So, next time you get an offer on your favorite pizza on a Friday night, remember, there&#39;s some serious data magic happening behind the scenes! 🍕✨

Unlocking Business Potential: Dive Into Information Systems & Data Analytics

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Standard Level

Business Management SL

Unit 5 - Operations management - QB

Unlocking Business Potential: Dive Into Information Systems & Data Analytics

Table of content

What's an information system (IS)?

Some IS are SUPER fancy!

Advanced information systems

Unlock the Full Content!

Unit 5 - Operations management - QB

Unlocking Business Potential: Dive Into Information Systems & Data Analytics

Table of content

What's an information system (IS)?

Some IS are SUPER fancy!

Advanced information systems

Unlock the Full Content!