Help me study for my Business class. I’m stuck and don’t understand.
Please take a particularly careful look at the last chapter (Ch.9) on the “Future of Analytical Competition.” That chapter describes some new trends and up-and-coming technologies for business analytics. I would like you to focus on two of them:
- Visual analytics, and
- Text mining
In particular, I would like you to address the following questions:
1. What are these up-and-coming technologies? How do they work?
2. What value do they provide to businesses?
3. Which businesses already use these technologies and how do they use it?
4. What insight do these technologies provide that other analytical tools cannot address?