THE ROLE OF BUSINESS ANALYTICS IN RISK MANAGEMENT
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 5000
Abstract: THE ROLE OF BUSINESS ANALYTICS IN RISK MANAGEMENT
This study investigates the role of business analytics in enhancing risk management practices and minimizing operational uncertainties within organizations. The objectives include assessing how analytics tools and techniques contribute to identifying, assessing, and mitigating risks across various business functions. A survey research design is adopted to collect quantitative data from 200 participants using the Taro Yamane formula to ensure a representative sample. The case study focuses on an insurance company in Enugu, Nigeria, known for its proactive risk management strategies supported by advanced analytics capabilities. The reliability coefficient score, assessed through internal consistency measures, is 0.90, indicating strong reliability of the research findings. Findings suggest that business analytics enable organizations to predict emerging risks, optimize risk assessment processes, and enhance decision-making in risk mitigation strategies. The study recommends that organizations integrate analytics into risk management frameworks, leverage predictive analytics for early risk detection, and invest in training employees on data-driven risk assessment techniques to strengthen resilience and safeguard business continuity in a volatile market environment.
Related Project Materials
THE IMPACT OF SOCIAL MEDIA ON JUVENILE DELIQUENCY OF SECONDARY SCHOOL STUDENTS
ABSTRACT
The aim of this research is to address the impact and implications of social media on the Nigerian youth e...
THE IMPACT OF TECHNOLOGICAL ADVANCEMENTS ON FUND ACCOUNTING
Abstract: THE IMPACT OF TECHNOLOGICAL ADVANCEMENTS ON FUND ACCOUNTING
This study aims to: (1) explore the role of technological advanceme...
Design and Implementation of a Web-Based Grading System for Universities in Sokoto North Local Government Area, Sokoto State
Background of the study
Grading is an essential component of academic evaluation in universities. However, traditional grad...
Accounting Information System and Payroll Management Efficiency in Potiskum Local Government Area
Background of the Study
Payroll management in local governments often involves the management of numero...
An assessment of the effectiveness of influencer marketing on retail sales growth: A case study of cosmetics stores in Kaduna State
Background of the Study
Influencer marketing has become a dominant strategy in the retail sector, particularly in industrie...
An examination of the challenges faced by teachers in special education units in Ilorin West LGA, Kwara State
Background of the Study
Teachers in special education units play an indispensable role in delivering quality education to students wit...
AN EVALUATION OF STAFF INDUCTION AND TRAINING PROGRAMMES IMPROVING WORKER’S EFFICIENCY
ABSTRACT
This project is an attempted to study and evaluate the impact of of Induction and training programmes on Staff...
Assessing the Role of Income Distribution in Influencing GDP Trends in Nigeria
Background of the Study &n...
Investigation into the Use of AI in Automating Certificate Verification in Universities: A Case Study of Usmanu Danfodiyo University, Sokoto (Wamako LGA, Sokoto State)
Background of the Study
With increasing concerns about academic fraud, the verification of academic certificates has become a crucial proces...
TEACHING PRACTICE EXPERIENCES OF TECHNICAL EDUCATION STUDENT-TEACHERS: CHALLENGES AND POSSIBLE PANACEA
Abstract
The purpose of the study is to identify the challenges facing student teachers of College of S...
