Business Analytics in Making Efficient, Data-Driven Decisions

MGT360 - Individual Research Summary Worksheet
Student Name:_____________________________ Team Name: ____________________________
SOURCE #1:
Full citation in APA format:
Cao, G., Duan, Y., & Li, G. (2015). Linking business analytics to decision making effectiveness: A path model analysis. IEEE Transactions on Engineering Management, 62(3), 384-395.

Category/topic: Use of business analytics to improve decision-making effectiveness

Summary of key points (add space as needed):
Business analytics is the utilization of data, statistical analyses, fact-based management, and predictive and explanatory models to drive actions and decisions in organizations. Organizations implement business analytics to make faster and better decisions.
A key point made by the article is that business analytics is integral in improving the information processing capabilities of organizations. These capabilities are improved significantly in a business environment that is driven by data. The implementation of business analytics, therefore, requires organizations to have data-driven environments. The article also points out that the development of structure, policy, processes, and strategies to support business analytics is significant in enhancing decision-making.

Evaluation of Usefulness for the Project:
The source is extremely useful for the project because it demonstrates how organizations ca...