A company may illustrate business Intelligence In the areas of customer profiling, customer support, market research, market segmentation, product profitability, statistical analysis, Inventory and dilutions analysis and so more. In this academic paper, I will explicitly elaborate on these areas of business Intelligence used by today’s companies, its Implementation, benefits and possible or potential problems. Business Intelligence tools analyze raw data into meaningful information by the alp of the management for future decision making.
The management devises special approaches such as data/text mining, data warehousing, online analytical processing (OLAP), querying and reporting, spreadsheets, operational dashboards, enterprise resource planning (ERP), etc… These approaches keep historic and current information breaks down a complex numerous amount data in a simpler form, conduct and control business from a single remote area, link different sectors of a business for timely and accurate exchange of services, goods and information, increase relationship between companies, its supplies and customers.
These approaches will be discussed in details later on in this academic paper for ease of understanding and to broaden your knowledge on how to apply them in your everyday business life. Furthermore, these approaches did not appear miraculously to be. Business Intelligence is a process technologically backed up and I will also be discussing the vendors of these technologies and which is more efficient to apply in your business life. Microsoft is a good example who serves individuals as well as organizations.
Business Intelligence is a very powerful and delegate tool and should be handled with great care because its misuse or abuse could lead to a great loss or permanent damage making it difficult for any organization to recover from Its losses and thereby making it easier for vital information to land In the wrong hands. As a result, It might take any organization out of business or start from the beginning. Business Intelligence By book Business Intelligence represents the tools and systems that play a key role in and analyze corporate data for better decision making, cut cost, more profits and
A company may illustrate business intelligence in the areas of customer profiling, customer support, market research, market segmentation, product profitability, statistical analysis, inventory and distribution analysis and so more. In this academic paper, I will explicitly elaborate on these areas of business intelligence used by today’s companies, its implementation, benefits and possible or potential problems. Damage making it difficult for any organization to recover from its losses and thereby making it easier for vital information to land in the wrong hands.
