1. Business Administration & Management
Mr. Bernstein
Management Information, pp
June 2017

2. Business Administration & Management Mr. Bernstein
Management and Information
Don’t make decisions without information
Management by Exception – review data, act on exceptions
Market Research
Internal studies of efficiency
Compare your metrics to industry
Estimates of local economic growth

3. Business Administration & Management Mr. Bernstein
Using data to solve problems
Make sure you are solving the problem, not a symptom
Take time to brainstorm or list alternative solutions
Seek information to analyze solutions
Only then are you prepared to make best decisions

4. Business Administration & Management Mr. Bernstein
Big Data is Changing Business
Huge streams of data have emerged
The analytical power to manage these volumes of data has been recently developed
Patterns that were formerly unseen can now be identified
Senior management surveys show Big Data upgrades are necessary to remain competitive

5. Business Administration & Management Mr. Bernstein
Big Data is more than UPS, Marketing and PARCC
Monsanto: Using data to improve green agriculture
Caterpillar: Looking to improve manufacturing

6. Business Administration & Management Mr. Bernstein
Big Data is more than UPS, Marketing and PARCC
Nonprofits: Making Hospitals More Efficient
Autos: Making Autonomous Cars Viable and Safe