"Business Intelligence" Please respond

Computer Science
Tutor: None Selected Time limit: 1 Day

It is common knowledge that in today's business environment, organizations must continually strive to achieve a competitive advantage. Likewise, they are reliant on large amounts of data to make their business decisions. 

Explain the key way(s) in your words in which your selected organization / agency uses business intelligence in order to gain a competitive advantage. 

Aug 9th, 2015

Thank you for the opportunity to help you with your question!

   Business intelligence is a collection of tools and techniques necessary for transformation of raw data into meaningful and useful information for business analysis purpose. It is a key feature for an organiztion to gain a competitive advantage and maintain it. Most organizations ,for example ,Apple Co ltd give business intelligence a priority in their operations. The following are the key ways of applying business intelligence.

1. Measurement. This is a program that create hierarchy of performance and benchmarking that informs business heads about progress towards achieving business goals.This involves collecting and analyzing data about company's sales trend, product mix  and customer service levels are crucial in business thriving.

other ways includes :

Knowledge management

Enterprise reporting

Collaboration platforms and,

Analytics

Please let me know if you need any clarification. I'm always happy to answer your questions.
Aug 9th, 2015

I am available for a followup . Feel free to inquire/ clarify. Thanks in advance.

Aug 9th, 2015

 Next, speculate on the technological limitations regarding data, software, and hardware that you believe might challenge your chosen organization / agency in the future. Provide a rationale for your response.

Aug 9th, 2015

 Hey. I am working on a different question right now. I will get back to you in a moment. I do understand this is a new question ,isnt it ? Is okay I will do it for you.

Aug 9th, 2015

ITS PART OF THE LAST ONE

Aug 9th, 2015

Okay ,but you would have incorporated it in the original question, Am answering it

.

Aug 9th, 2015

you want me to


Aug 9th, 2015

  The main challenge comes when handling big data ,e.g those originating from social media has proved to be a problem in finding methodologies and technologies to comfortably handle them. Furthermore, it is difficult to incorporate such data into real-time analysis systems. It is also complex ,with different types and thus requires complex architecture (Lyndsay Wise, president and founder of Toronto-based consultancy Wise Analytics )

   The traditional BI tools cannot keep up with ever growing requirements thus unable to fully deliver real time data for end users.

  Increase in data volumes means a need to increase in the RAM leading to subsequent increase of hardware cost. In an attempt to reduce hardware cost, companies have tried to employ use of integration softaweres and flash memory, causing an increased software cost at the end.

 

Aug 9th, 2015

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