Business Intelligence Necessity

Information – business intelligence – is no longer the exclusive domain of IT or research departments. From marketing and finance to management and operations, intelligence is applied strategically throughout the enterprise. And professionals who know how to gather and leverage it are the ones who will lead organizations, control decisions, and be relied upon to steer their companies.

2. Business intelligence: Delivers synchronized, business-critical data in a variety of diagnostic tools to view market trends and build relationships that help facilitate timely decision making (Microsoft Dynamics NAV, 2011).

Twila Day left the meeting excited, but also a little nervous. Her Technology and Applications Group had just been given approval by the Director’s Council of SYSCO to proceed with a company- wide deployment of business intelligence (BI) software. The effort was intended to help SYSCO, the largest food distributor in North America, make better use of the information generated by its operations and serve its customers better. The Director’s Council, a group of senior managers with substantial power and influence, had been impressed enough by the results of a

Companies are adopting business intelligence system within their organizations because by using the system reports they can gain the advantages of understanding their internal strength and weaknesses to face external competitors and challenges to increase profits and reduce cost on their everyday operations and processes.

The objective of this Business Intelligence (BI) plan is to encourage outsourcing and offshoring information security (IS) pursuits. The plan provides guidelines for successful implementation of IS systems intended to diminish security risks. The anticipated audiences of this BI plan are chief information officers (CIO) and chief information security officers (CISO). Senior management has an obligation to streamline information technology (IT) budgets, defend spending, and augment service delivery and efficiency (NASCIO, 2008). BI plans are usually comprised of (a) software, hardware, network, and associated infrastructure; (b) data analyses applications; and, (c) a portal or dashboard with which users interact (Hennen,

But company people are often busy and fail to pass on important information. The company must 'sell ' its people on their importance as intelligence gatherers, train them to spot new developments and urge them to report intelligence hack to the company. The company must also persuade suppliers, resellers and customers to pass along important intelligence. Some information on competitor’s conies from what they say about themselves in annual reports, speeches, press releases and advertisements. The company can also learn about competitors from what others say about them in business publications and at trade shows. Or the company can watch what competitors do - buying and analyzing competitors ' products, monitoring their sales and checking for new patents. Companies also buy intelligence information from outside suppliers.

The report focuses on data mining approach to predict human wine taste preferences. A large data set is considered with white and red wine samples (“Vinho Verde” wine from Portugal). The inputs include objective tests (e.g. PH values) and the output is based on sensory data (median of at least 3 evaluations made by wine experts). Each expert graded the wine quality between 0 (very bad) and 10 (very excellent). Due to privacy and logistic issues, only physicochemical (inputs) and sensory (the output) variables are available (e.g. there is no data about grape types, wine brand, wine selling price, etc.).

When thinking about Business Intelligence tools for visual interfaces (dashboards) to assist in monitoring business performance, Tableau is currently all the rage and the top of many companies’ wish lists for software to incorporate into their business and skills for those in which they employ. However, for many companies the investment in both the software and the people with the skills to use Tableau may be just out of reach… especially for companies who are cautious to “jump on the bandwagon” for what is the current hot trend in the market.

There are a variety of benefits when it comes to implementing a business intelligence system. Because the nature of business intelligence is to gather data about customers and analyze the information possessed, it leads to the idea that business intelligence systems can help create better customer relationships. This is due to the fact that the company has a better understanding of what their customers desire and therefore, are able to serve them better. When customers are happy and their needs are fulfilled, the company is able to create customer loyalty, in which customers feel confident in returning to a company with their business because they know they can expect a pleasant transaction.

Business Intelligence (BI) makes use of methods, processes, and technologies that help organizations to collect, store, report, and analyze business data for purposes of facilitating decision making. Institutions of higher learning are going through ab period of transformation as they become digitalized to make them competitive like other organizations. There is need to adopt technologies to improve the quality and efficiency of delivering study processes and enhancing the experience of students. Furthermore, learning institutions need to attract and retain students to sustain higher graduation rates (Deng, & Chi, 2012). Thus, business intelligence can help the management of higher education

Business Intelligence is a process which includes different technologies and methods process for analysing data and presenting information which is helpful for top level management.BI includes various tools, application, and methodologies that enable organizations to collect data from internal and external sources, prepare that for analysis develop and run queries against the data and generate different kind of graphs and reports. Business Intelligence can analysis large amount of data easily and affectively .Identifying new threats and opportunities and implementing an effective and profitable strategy based on insight can provide business a market stability and long term stability.

when required. At the end of the report, useful recommendations are also made which can be

Any company of reasonable size knows just hwo vital information is. Capturing, organizing, and analyzing information is one of the foundations of success in the global economy, which is rife with ever-changing features and factors that require constant adjustment in standard operations and in overall positioning in order to develop in an effective manner. For a company engaged in business-to-business (B2B) analytics, information handling isn't simply an important feature of success on an internal basis it is an explicit part of the real product/service being offered on an external basis, and is a fundamental part of the business model. Companies engaged in analytics must maintain a firm grasp on information gathering and handling procedures in a variety of settings, bringing both proven knowledge of concrete relationships and mechanisms as well as the creativity required for innovation and original investigations to each of their client relationships in order to ensure business clients are receiving the best and most relevant information according to their needs and circumstances. In order to provide consistently strong service, then, companies providing business-to-business analytics services must ensure that they themselves maintain accurate and comprehensive information regarding their client companies' specific internal demands and

A relational database organizes data in the form of two‐dimensional tables. Illustrated here are tables for

The information technology has brought significant changes to business companies in recent years. Teece (2011) states that this new business environment has also enhanced the demand to determine not only how to tackle clients needs more rapidly, but also how to pursue value form offering fresh goods and service. Thus the booming development of business and strategy becomes increasingly multifarious and influential. A business strategy tangibly is a documentation obviously illustrating the goals and decisions of a business will operate strictly . Johnson and Scholes (2012) define that, strategy was the scope and goal of an institution over the sustainable term. Hence this long-term strategy is able to arrive potential benefits for the institution though its structure of useful resources within a challenging environment, in order to satisfy the requires of markets , with fulfilling customer/stakeholder anticipations.A optimal business introduces the logic and brings out data and orther indication confirming how a business firm innovates and transmits value to customers.