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Applications of Analytics

Systems Analysis

Category: Descriptive Analytics

This use of electronic data involves the comparison of one method with another. For example, “if it is known that the goals of an operation can be attained by more than one method, the various alternatives can in principle be simulated on the computer, and their relative costs and benefits thereby compared to find the most cost-effective one” (Ware, et.al., 1973: 9). Systems analysis is a core application of analytics today. “System analysts solve business problems through analysing the requirements of information systems and designing such systems by applying analysis and design techniques” (AU, 2020). For example, in a trade-off analysis, “In the context of the definition of a system, a trade-off study consists of comparing the characteristics of each system element and of each candidate system architecture to determine the solution that best globally balances the assessment criteria” (Faisandier, et.al., 2019). Other types of systems analysis include effectiveness analysis, value chain analysis, cost analysis and technical risks analysis.

Examples and Articles

System Analysis & Control
"This activity identifies the work to be performed and develops the schedules and costs estimates for the effort." Direct Link

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