Automated Analytics Process — The Next Stage of Competition on Analytics

John Jian An Lu

Chapter 30 in Business Analytics:Progress on Applications in Asia Pacific, 2016, pp 781-802 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This report explores the possibility of an automated process for carrying out retail banking analytics. While the practice of using data and quantitative techniques for decision-making has long been carried out by business analytics professionals, this report explores potential automation of some business analytics activities usually carried out by humans.As business analytics matures, the role of senior analysts will shift from creating advanced models to creating advanced processes that are capable of automating the creation of decision-assisting analytical models. The ‘automated analytical process’ requires highly advanced business analytics skills to set up, maintain and improve the process – these are jobs that cannot be automated. If established correctly, this process can assist daily decision-making in either automated or semi-automated modes.This report demonstrates the creation and testing of such an automated analytical process.

Keywords: Business Analytics; Entrepreneurship; Big Data; Information Technology (search for similar items in EconPapers)
JEL-codes: L26 (search for similar items in EconPapers)
Date: 2016
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