03/23/2017
Business Intelligence
To start, I
would like to explain the purpose of today’s blog post. Over the past thirty
days I have embarked on the path to discovering the role of BI technologies in
contemporary organizations. I have discovered that today’s business environment
is populated with increasingly complicated decisions. This blog post will examine
how the decision process is assisted by utilizing BI technology.
My intention
is to reach the business intelligence community as well as the business
professional. We will discuss BI solutions, data, organizational memory, CRM,
knowledge management (KM) and other concepts which led to quick business
reflexes.
In effort to
understand the business intelligence process, I would like to describe the process
for discovering knowledge in big data. Data, information, and knowledge must be
processed through data management. This BI process is known as a decision support system. It has been discovered that there are two
technologies which comprise the organization’s data. A data warehouse, which is
a logical repository for data, and Data mining refers to the process of
discovering patterns from the data stored in the data warehouse. Decision
support systems are directly related to the organization’s decision making
process. When an organization discovers the unstructured data that exist within
in its knowledge base, the firm discovers a data gold mine for developing
better customer relationships. Therefore, business intelligence is associated with knowledge
management, data warehousing. Data mining, and (DDS) decision support systems
are important to a firm’s ability to compete in today’s business environment.
BI impact improves
operational performance, customer service, and helps with the identification of
new opportunities. Of course, there are obstacles, many firms experience
technology obstacles and organizational obstacles (Sabherwal, 2007).
Perhaps, to help improve
business intelligence there are technologies such as, web mining, radio
frequency identification, enterprise resource planning, online analytical
processing, visualization tools, digital dashboards, balanced scorecards, DDS,
and knowledge management. Products are
available and supplied from mega vendors who customize BI solutions to meet the
financial needs of the company.
The solutions provide users with presentation,
insight creation, information integration, and organizational memory. These
four products are customized and are essential to a company’s business
intelligence capabilities. The leading
BI vendors are IBM, SAP, Oracle, and Microsoft providing global business
intelligence solutions.
In conclusion, business
intelligence will continue to have a massive impact on the business community.
Software will be developed, and solutions will continue to evolve. It is my opinion that the subject
of BI deserves continued research to keep up with the evolution of the digital business age.
I would like to thank my reader’s for being a
part of this blog
.
436 MEDIA
Inc. 2017
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