“Moneyball”

1. What is business analytics?

“Business analytics (BA) is the practice of iterative, methodical

exploration of an organization’s data with emphasis on statistical analysis. 

Business analytics is used by companies committed to data-driven decision

making.  Business analytics is used to gain insights that inform business

decisions and can be used to automate and optimize business processes. 

Data-driven companies treat their data as a corporate asset and leverage it

for competitive advantage. Successful business analytics depends on data

quality, skilled analysts who understand the technologies and the business

and an organizational commitment to data-driven decision making.” –

About.com

“Business analytics refers to the skills, technologies, applications

and practices for the continuous exploration of data to gain insight that

drive business decisions. Business analytics are multi-faceted. It

combines multiple forms of analytics and applies the right method to

deliver expected results. It focuses on developing new insights using

techniques including, data mining, predictive analytics, natural language

processing, artificial intelligence, statistical analysis and quantitative

analysis. In addition, domain knowledge is a key component of the business

analytics portfolio. Business Analytics can then be viewed as the combination

of domain knowledge and all forms of analytics in a way that creates analytic

applications focused on enabling specific business outcomes.” – Frank

Diana

2. How is it applied to the movie?

As an observation while I’m watching the movie the application of the

business analysis here was the investigation that yielded these perceptions

was not uneducated number crunching, but an analysis guided by practice

knowledge. The initial analysis concentrated not on outcomes such as hits

Nikixandra T. Beltran September 23, 2013

BS Computer Engineering Ms. Karla Pacificador

and runs, but on procedure variables, such as the event of hitter hitting the

ball to a specific position, at a specific speed and trajectory.

The result from such a hitter's actions is subject to numerous issues, as

well as luck. For example, the same line drive could sometimes result in a

single, a double or an out. But it is possible to estimate the probabilities of

these outcomes and, in turn, how these consequences affect the "state" of

the inning.

The state of the inning agrees the quantity of outs and the locations of

runners on the bases/centers. The expected number of runs for a given state

can be assessed from the thousands of time this state has been observed in

the past. In addition to this is the part of selecting the players/athletes, and

the whole baseball industry had focused on how they can change to the best

quality players per dollar, but the goal is to win, not to field the best athletes. 

3. What is it importance to modern management?

The availability of strong business-focused analytical talent will be the

greatest constraint on a company’s analytical proficiencies. The outsourcing

of analytics will become an eye-catching substitute as the need for particular

skills that will lead organizations to look for outside help. Analytics allows a

company to concentrate on taking action based on insights delivered by the

outsourcer. The outsourcer can influence these specialized resources across

multiple clients. As the importance of analytics grows, organizations will have

an option to outsource.

We will see more organizations establish enterprise data management

smarter approaches such as information lifecycle management as opposed to

the common approach of throwing more hardware at the growing data

problem. The information administration challenge will grow as millions of

next-generation tech-savvy users use feeds and mash-ups to bring data

together into usable parts so they can answer their own questions. This gives

rise to new challenges, including data safety and supremacy.

4. How the four functions of management does applied in the movie? (planning, organizing, etc.)

Planning:

They analyze first together with team owner on how they can get the

best quality players. What type of players should they employ and this led to

a focus in evaluating the players’ fielding, pitching, quickness, hitting and

hitting for power.

Organizing:

How they chose and picked-out the players base on their given types

and categories.

Leading:

How Billy Beane, the general manager of the Oakland A’s take over the

decision making.  

Controlling:

How Billy Beane and the rest of the managers monitor and evaluate

the actual performance of the team.

5. As future managers, will you use business analytics in your decision making?

Yes. Merely because every organization or business who desires to gain

momentous competitive benefit should fully exploit the possible of analytics. To

increase an edge over your race in any field, one must not rely only on the limits

such as knowledge and instinct. One needs to use analytics to assess available

possessions and best ways to implement strategies for a great win. Does the above

assures a success? I think it’s not more often it’s a trial and error root but it surely

does increase the chance for a win.