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BI-DA Week 2, CREATING NEW OPERATING MODELS - Coggle Diagram

- - - - What happened?
      - What is happening?
    - - Business reporting
      - Dashboards
      - Scorecards
      - Data warehousing
    - - WELL-DEFINED BUSINESS PROBLEMS AND OPPORTUNITIES
  - - - What will happen?
      - Why will it happen?
    - - Data mining
      - Text mining
      - Web/media mining
      - Forecasting
    - - ACCURATE PROJECTIONS OF FUTURE EVENTS AND OUTCOMES
  - - - What should I do?
      - Why should I do it?
    - - Optimization
      - Simulation
      - Decision Modeling
      - Expert systems
    - - BEST POSSIBLE BUSINESS DECISIONS AND ACTIONS
- - - - FINISH RACE?
        
        YES - 62,5%
        
        TOP 5?
        
        YES - 80%
        
        LIKELIHOOD OF EVENT: 62,5% x 80/100: 50%
        
        E.V. = 762.500$
        
        NO - 20%
        
        LIKELIHOOD OF EVENT: 62,5% x 20/100: 12,5%
        
        E.V. = 68.250 $
        
        NO - 37,5%
        
        BLOW ENGINE? (9/24 OUTINGS)
        
        YES
        
        LIKELIHOOD OF EVENT: 29%
        
        E.V. = 1.450$
        
        NO
        
        LIKELIHOOD OF EVENT: 8,5%
        
        E.V. = 42.000$
    - - E.V. = 507.000$
  - - - FINISH RACE?
        
        YES
        
        TOP 5?
        
        YES - 0,4%
        
        E.V. = 6100
        
        NO - 0,1%
        
        E.V. = 525
        
        NO
        
        BLOW ENGINE?
        
        YES - 99,4%
        
        E.V. = 4970
        
        NO - 0,1%
        
        E.V. = 0$
    - - E.V. = 0$