An operational analysis is a process to evaluate a business’s efficiency. It involves observing day-to-day operations, interviewing employees, and reviewing reports to identify areas of waste and inefficiency. The results are used to make recommendations for improvements. An operational analysis is a procedure used to determine the efficiency of various aspects of a business operation. […]
Operational intelligence is a software tool used in IT to detect and resolve problems in computer-based production systems. It involves studying computer-generated processes to design software that automatically identifies and resolves root causes of problems. It is part of business process intelligence and can be called operational business intelligence. It aids in a larger business […]
An operational data store catalogs dynamic data generated at random intervals from sources outside typical business methods. The data is confusing and poorly referenced, requiring heavy processing before long-term archiving. Most work involves cleaning it, moving it to correct fields, correcting spelling errors, filling in missing entries, and cross-referencing data with internal databases. An operational […]
An operational audit involves six steps, including preparatory work, conducting interviews and collecting documents, and submitting a final written report. The audit is customized to meet the specific needs of a company and aims to determine whether resources are being used efficiently and identify ways to improve systems. The final step involves producing a detailed […]
Operating efficiency is when investors can buy and sell in a market at a fair cost. This can vary for different investors, with fixed commission charges benefiting some but not others. Technology and regulation changes can improve efficiency by lowering costs and expanding participation. Sometimes referred to as an efficient internal market, operating efficiency is […]
