Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

Download Solution

Related Solution

Module 1 Discussion_...
The culture of an organization not only supports the organization to achieve its pre-set goals it also provides guidance, quicker the process of decision-making, and acts as a simulator for enhancing...

Module 1 Discussion
Module 1 Discussion

The culture of an organization not only supports t

Discussion 9_1661255...
I discovered from this text mapping process that different textbooks have different ways of organizing their material. I’ve noticed that the sociology textbook that was provided for this assignment is...

Discussion 9
Discussion 9

I discovered from this text mapping process that d

Week8DQ_Mind ofa Ter...
The radicalization process of the terrorists does not happen overnight and it takes time to complete the whole radicalization process of the terrorists also takes a lot of time. Mogaddham’s staircase...

Week 8DQ_Mind Ofa Terrorist
Week 8DQ_Mind Ofa Terrorist

The radicalization process of the terrorists does

3.2 - Case Study: Applied Predictive Analytics Methods and Strategies

3.2 - Case Study: Applied Predictive Analytics Methods and Strategies

Q 1. How did Union Investment define the business problem?2. Who were the stakeholders and how were they involved in defining the business problem?3. How were the stakeholders involved with the finance industry and how did their level of expertise in the industry help determine future benefits?4. What factors were involved with defining the business problems?5. After reading the Union Investment case study, read the following blog in which 26 data analysis experts describe their opinions as to what they perceive to be the top business problem that can be solved using predictive analytics: http://www.ngdata.com/how-predictive-analytics-benefits-business/ (Links to an external site.)Links to an external site. o Do any of these expert opinions align with what Union Investment discovered with analyzing customer behavior?o Based on the expert opinions, what would you recommend for Union Investment moving forward?o Based on these expert opinions, what are some of the common pitfalls to avoid when determining a predictive analytics strategy?

View Related Questions

Solution Preview

View Complete Solution
The problem of business is defined by the Union Investment through the present situation being explored to know where predicative analytics can be used in order for profitability to be boosted. It is understood by Union Investments that their base of customer is varied. This means that capability is required by it to give strategies and options of investments at an extensive range to individual investors of a wide range. It is wanted by Union Investments for analytics to be incorporated into their strategy of business in order for profitability to be boosted as there is variation in the objectives of each investor in a significant manner.