Business intelligence (BI)

User Generated

Zbr23

Computer Science

Description

Business intelligence (BI) is a broad category of applications that makes extensive use of databases to gather, store, analyze, and provide information to users to help them make good business decisions. Many companies use BI as a tool to provide themselves with a competitive advantage.

Using the Internet, research the components of BI applications and which companies are using them for in their businesses.

  1. How does Business Intelligence software help managers to make decisions?
  2. What are three components that BI applications offer to managers?
  3. What are two advantages of using BI applications?
  4. What are two disadvantages of using BI applications?
  5. What are three lessons learned from watching the lecture video?

Some sample Web sites:
http://www.businessintelligence.com (Links to an external site.)Links to an external site.
http://www.sas.com/technologies/bi/ (Links to an external site.)Links to an external site.
http://www.business-intelligence.co.uk/ (Links to an external site.)

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached.

Running Header: BUSINESS INTELLIGENCE (BI)

Business Intelligence (BI)
Student’s Name
Professor’s Name
Course Title
Date

1

BUSINESS INTELLIGENCE (BI)

2

How does Business Intelligence software help managers to make decisions?

First of all, Business Intelligence refers to a software technology utilized in getting data
from various sources to aid organizations in the creation of adaptable reports and the analysis of
information, thus making informed decisions. Therefore, Business Intelligence software pulls
essential information for competitive intelligence, market intelligence and even internal analysis.
The ultimate goal for this kind of analysis is the simplification of critical information to
managers to comprehend issues and challenges facing their organizations. This can result in
collaborative efforts in decision making to come up with productive solutions (Hedgebeth,
2007).

Additionally, Business Intelligence software helps managers to ascertain the return on
investment for the marketing strategy used. Using the Business Intelligence software, data is
translated into analytics reports where managers can base decisions on, rather t...


Anonymous
Goes above and beyond expectations!

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4