Analyze The Gap Between Theory And Practice In Business Intelligence
The journal article listed in this week’s resources provides a supplemental information that examines current theory and practice of BI.
Conduct additional research on existing theories in business intelligence (BI). What common theories exist? Have the theories evolved over time? Now, research how these theories are used in practice. You will likely have to include business journals and practical application of the concepts. Choose at least one major theory for further gap analysis. Write an assessment outlining the following:
1. Explain why the theory that was chosen.
2. Provide analysis of the gap between theory and practice (industry literature can help show the state of practice and help you determine the gaps compared with the scholarly literature).
3. Outline the root cause of this gap and include the effect of the gap. Whom or what does it impact? Is it a positive or negative impact?
Support your paper with a minimum of five scholarly resources. In addition to these specified resources, other appropriate scholarly resources, including seminal articles, may be included.
Length: 5-7 pages, not including title and reference pages
Your assignment should demonstrate thoughtful consideration of the ideas and concepts presented in the course by providing new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.
Solution Preview
For this assignment, the Game theory was chosen for analysis as it is the study of strategic business decision making, an important aspect in businesses. Game theory is a tool often used in the study of interactive decision making through which the outcome of each player (decision maker) is contingent on the actions of others (Mohaisen, 2015). As such, the theory is a process of modeling interaction amid players (decision makers) in a given situation containing both rules and outcomes. At the business level, the theory is used to study how decision makers determine strategies in diverse situations when faced by competing strategies acted out by other players (Mintz, 2016). In this case, game theory presumes that agents should make rational decisions in all situations (Mohaisen, 2015). Besides, game theory can be identified as a component of analytical tools designed to provide a better understanding of the sensations perceived when decision makers interact. This highlights why other agents merge while others compete to remain relevant. In the case for organizations,
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