For organizations, which maintain direct contact with huge customers, the increasing channel-oriented applications such as e-commerce and call center, pose great data-management challenge. This requires effective means of integrating application s in an organization. Many companies thus are adopting the tool of Business Intelligence for effective after understanding the need for enforcing the business strategies by means of business intelligence concepts and systems. This paper describes the concept of BI, its emergence, its main tools, which include data mining and data warehouses. BI has many advantages which influences companies to use the BI tools for data management. In the implementation of the BI tools, companies also face many challenges …show more content…
BI includes a set of technologies and methodologies such as OLAP, data mining, data warehouse, XML and web services, to improve the effectiveness of the business operations, support management, to gain competitive advantages. BI thus aims at providing integrated solution to organizations under which the business requirement is the factor that drives innovation in technology. (Turban, Sharda, & Delen, 2014)
Importance of Business Intelligence
According to Dave Lavinsky writer, from grow think website that Peter Drucker says: "With the right BI system, all the information from these applications and programs you already use automatically and in real-time is entered and analyzed. So, you can quickly see, manage and improve your performance" (Lavinsky, 2017).
Here are the importance of BI:
• BI tools can help employees to convert business knowledge by means of analytical intelligence to solve issues like responses from telephone, direct mail, e-mail and the internet.
• Organizations can identify the profitable customers along with identifying future customers.
• It helps to analyze the potential growth of customers and profitability which may help to reduce exposure risks by means of accurate financial credit
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In this regard, the application of BI data mining helps in the process to maintain the sales metrics and developing the prediction of the future performance. Data mining tools can be implemented on the existing hardware and software platforms to improve the value of the existing resources of information so that it can be integrated with the new systems. It can also help in fraud detection, analysis of market basket. It can also help in decision making and improvement in company’s revenue and reduced costs. It can help to track and improve the company’s performance and in modification of marketing campaign. It can help to review logistics, operations and increase the efficiency of product management. It can also enhance the customer relationships and forecast growth and
The Use of Database in Effective Sales Management 1. Uses of Database in Zacoom Holdings With the technology available today, all businesses regardless of size, can have an interactive database without too much effort. When considering using a database to increase sales Zacoom Holdings even believes that they already have one in their systems to get started. Sales databases provide many opportunities to optimize their sales relationships and success. Database helps sales management in many different ways, and below are some useful help Zacoom Holdings g ain from their database.
P5 In this task am going to explain the reason behind the choice of media and objective of the media in business and the method that I use to promote my product, media this this is the mass communication such as social media, television, radio, printed media such as magazines, newspaper and etc. this helps us to promote our business by saving time and sometimes money such social media this helps us to save money which helps us to save our cost in other business act Objectives of media To create awareness It brings awareness about the upcoming products or services, its provide information about the product how it used, theprice of the product, the place where the customers can get the product, if there any effect when using it wrongly, so this
Possible managers may interact with software as well in case possible changes are required. The business units that will be involved with the solution are the accounting department who handle the financial aspects of the project, possible IT department who manage the technology solution and most importantly the managers of Berlasco Court who handle daily operation. Redesigning the following business processes will provide benefits this can be
Currently the company sells (exports) to restaurant owners and speciality food retailers (B2B). In order to increase their level of sales the company would like to diversify its target market and start targeting individuals (B2C). In both markets a good customer database and its proper use is a significant asset that most of the time gets under valued at most companies. We shouldn’t measure our success by the number of people on our database but the real value come from the quality of the information that is tracked.
There 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
Q5) (a) Password policy: SQL Server verification server login and secret key approach can apply. Login and secret word are not the same regarding security is extremely viable. SQL new businesses • SQL server administration studio gives three choices for the above logins • Implement secret key strategy • Keeping in mind the end goal to keep up the security of information, we can change the secret key or are made, when the need to put a touch befuddling. • at the point when the approach is empowered all the prerequisite ought to be meet • Eight characters ought to be in the secret word •
Data warehouses supports and transform enormous of data from single transactional files into single decision-backing database technology (K. Wagner, F.Lee, J. Glaser, 2013). Also, data mining is an IT concepts that Epic system has for extracting and identify specific clinical data. This transaction occurs when the tool is programmed to look for patterns, trends and/or trend rules. For example, North Point Health and Wellness Clinic render the following services: dental, mental health, primary care, lab, ex-rays, mammograms, vision and pharmacy services.
Hannah Arendt born in Germany, worked as a U.S. political writer and philosopher. Her works were mostly related to political philosophy. In one of her work, “The Human Condition” Arendt suggests a three-way partition between the human activities as labor, work, and action. The activities have been arranged in hierarchal importance. Labor corresponds to that activity which are undertaken for fulfillment of biological necessities of human existence.
This data well help in making the information abut the sales according to that records the company well decide the production of the product and see how much marketing is needed for sealing the product in the
Here 70% of our business is done with military so in military terms logistics means the organization of moving, housing and supplying troops and equipment’s. No doubt logistics is an important activity as there is a process for doing a work and there must be proper coordination and cooperation. Lack of proper coordination means, high chance of getting errors in work. This case analysis focus on providing the recommendations to the top management to make sure their activities are going smoothly in the market and they can be ahead from their competitors in this competitive world. In easy words, the organization wants to improve their delivery to their customers.
It’s useful for the company when they want define how to increase market share. • It helps to get feedback about the product from the consumer products. • Provides quick feedback because by meeting customer directly. QUANTITATIVE RESEARCH Quantitative research is about asking people for their opinions about your organization like for example KFC is able to do this through surveys and questionnaires as stated above so it’s very important to use Quantitative research
• Helps to track an improve time to deliver the products to
Each and every goal should be analyzed to determine the potential impact on firm
- IT platform and core applications software support world-class SCM - Advanced decision support capabilities have the greatest impact on business performance - Data are required to manage the core business
Kahaner (1998) also defines competitive intelligence as a cycle process with four phases: planning and direction, data and information collection, analysis and dissemination of intelligence to those who will use it. This CI process model skips information capturing and storage and terms the information collection phase ‘data and information collection’ phase. Information consists of ordering data. Therefore, in information there is data; there is no need to use both terms together in the name of this phase.