Prioritising data items for business analytics: Framework and application to human resources

Tom Pape

Papers from arXiv.org

Abstract: The popularity of business intelligence (BI) systems to support business analytics has tremendously increased in the last decade. The determination of data items that should be stored in the BI system is vital to ensure the success of an organisation's business analytic strategy. Expanding conventional BI systems often leads to high costs of internally generating, cleansing and maintaining new data items whilst the additional data storage costs are in many cases of minor concern -- what is a conceptual difference to big data systems. Thus, potential additional insights resulting from a new data item in the BI system need to be balanced with the often high costs of data creation. While the literature acknowledges this decision problem, no model-based approach to inform this decision has hitherto been proposed. The present research describes a prescriptive framework to prioritise data items for business analytics and applies it to human resources. To achieve this goal, the proposed framework captures core business activities in a comprehensive process map and assesses their relative importance and possible data support with multi-criteria decision analysis.

Date: 2020-12
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in European Journal of Operational Research 252(2): 687-698 (2016)

Downloads: (external link)
http://arxiv.org/pdf/2012.13813 Latest version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2012.13813

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().