In this technological era, everything has been computerized. Agility and mobility of business has
been increasing rapidly over the years. As modern business grows, Business Intelligence (BI) has
become an important part in supporting decision-making process in an organization. However,
it is not an easy task to implement a BI successfully. It takes time and effort for an organization
to be able to come up with a good BI strategy which will be the critical factor for a successful BI
implementation. In Howson’s article, she states that it is a good thing if a corporate BI strategy
is determined by gathering input from a wide range of corporate stakeholders (Howson, 2010).
In fact, positive involvement from stakeholders is one
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(Pant, 2009)
The success or failure of a business is dependent on the combined effort of the owners,
shareholders, CEO, senior management, administrators, sales, marketing, frontline operators,
Assignment 2 Ooi Choon Ho 4805604
auxiliary support personnel, partners, suppliers and eventually the end customers. According to
Jones, stakeholders is people, groups or other organizations who have an interest, claim, or stake
in an organization, in what it does, and in how well it performs. (Jones, 2010)
As the modern business environment grows, the market is increasingly competitive. A tiny
wrong decision will lead to big loss in a company. Therefore, the accuracy and precision in
decision making is the critical strategy in modern business. As a result, BI which was initially
some simple tools of data mining for supporting management decision has turned into all- embracing strategic, tactical and operational real-time tools for business transformation,
involving personnel ranging from top-level management to administrators, sales, marketing,
front-line operators, auxiliary support personnel and ultimately end-customers. (Patil, 2014)
With this ever widely spread of stakeholders involved, it is therefore
This paper looks at the main issues faced by decision makers, analyses them, presents alternatives and makes recommendations based on the analysis.
Knowledge Management, as a control, must bring about better attaining, or actually surpassing, your destinations. The motivation behind information administration should not be to simply ended up more educated, however to have the capacity to make, exchange and apply learning with the reason for better accomplishing targets.
* What organizational structure, management processes, and philosophy will foster superior performance from the company’s business units?
1. To understand the success lying behind a successful business with a large number of competitors
Stakeholders is a person or an group that has an interest in a particular organization. Examples of stakeholders are the government,
Stakeholders are anyone who has a interest or influences the business in anyway. There are two
“Stakeholders (or interest groups) are tangible, visible and approachable groups or institutions which have a direct influence on the functioning of an organisation.”
It is notable that the Business Impact Analysis (BIA) is a fundamental tool that provides business consistency in any enterprise. Why is it fundamental? BIA is necessary for the generation of disaster recovery plans or for ensuring that an enterprise remains consistent. It permits business directors to determine information technology processes and critical elements within an organization. In addition, a BIA describes the period required for an enterprise unit to complete and supply deliveries to its clients along with any resources necessary to continue business operations. Business Impact analysis could be relevant in multiple areas. For instance, a business impact analysis could be relevant in cloud computing. This is
Many methods have been developed to simplify the decision making process. In this paper, the rational model of decision making will be discussed first. Then, some of the factors that cause deviation in the rational
When people argue with decision analysis and its achievements they usually mention the story of DuPont, an American chemical company. It managed to successfully integrate risk and decision analysis functions to both operational and strategic levels. The company claimed that Desciison and Risk Analysis not only brought tangible benefits to the company, but also intangible, such as increased attention and commitment to actions (Krumm et Roll, 1992).
ETL plays an important role in BI project today. ETL stands for extraction, transformation and loading.
The success of Microsoft strategy has allowed the company to constantly increase its market share, shareholders value and, ultimately, its growth in this competitive environment. However, Microsoft is not alone; similar giants such Google and Amazon constantly delivers new products in the BI space. This market dynamic has created in the last years a culture of BI that is only possible by the advances in technology, analytics frameworks and fierce competition.
This report will discuss about the approach to rational decision making process. It discusses how an everyday problem faced by management can be tackled by using
In some use cases, BI platforms are used as a middle tier to manage, secure and execute BI tasks, but Microsoft Office (particularly Excel) acts as the BI client. In these cases, it is vital that the BI vendor provides integration with
Essentially, this is what we are speaking about when we refer to organizational performance and achievement of successful outcomes. (James, 2017)