Business Intelligence System Essay
1.0 Introduction Business Intelligence (BI) systems are used to analyse an organisation’s data. It involves number of activities such as data mining, online analytical processing, querying and reporting. The purposes of using BI is to help the organization in decision making, minimize the costs and identify new business opportunities. This helps to integrate data information from various sources into a coherent body to provide a” 3600 view” of its business. Therefore, with the existence of BI, information can be delivered at the right time, at the right place and at the right form to assist individuals, departments and larger units in improved decision making. 2.0 Key Factors in Business Intelligence Systems It is not an easy task to develop a business intelligence system as it requires massive capital investment as well as thorough research with in-depth planning. There are several factors needed to be taken into consideration in developing BI systems:- 2.1 Data warehouse It is important to ensure that the databases are subject-oriented, integrated, time-variant and non-volatile collections of information (Yeoh and Koronios, 2009). A data warehouse supports the data management by organizing numerous enterprise records for integration, cleansing, aggregation and query tasks. (Mungree et al, 2013). For example, data warehousing …show more content…
This also assists them to observe keys of performances and generate periodic performance reports to improve the efficiencies of the university. BI tools helps to track progress towards goals by assessing performance measures and metrics. Through data visualization tools, it can be shown on interactive charts and graphs such as dashboards and scorecards. It produces valuable insights in improving efficiency and effectiveness of business
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1003 Words | 5 PagesFor example, a data warehouse can be constructed to extract and consolidate data from various computer systems or a workflow management system can be used to coordinate activities across several offices such as who works on what activity and how long it takes them to complete a task. Another way to shorten the close process is to centralize all accounting operations in one location. This allows the company to concentrate all of its efforts on improving the efficiency of a single
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792 Words | 4 PagesThere are many benefits that the BIS can bring to an organization such as boost productivity, sales and market intelligence, the setting of more accurate and realistic goals, positive return on investments, gain insights into consumer behaviors, operational visibility and identification of key trends (Holley, A. 2015). Recommendations for developing and using the BIS described in this case, include the use of an effective BIS that incorporates different factors or circumstances in the internal and external environment of the organization such as sales, costs, weather, items or services offered by the company, and trends. Another reason to implement BIS is to reduce voluminous amounts of irrelevant data, poor data quality, and user resistance that affect the effectiveness of
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620 Words | 3 PagesOther than utilizing it to examine patterns. The quantity of associations for the client to break down the distinctive
Ethical Use Of Information Technology Essay
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Artificial Intelligence In The Workplace Essay
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