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In: Operations Management

QUESTION THREE This is a recall level type question that require you identify the various business...

  1. QUESTION THREE

    This is a recall level type question that require you identify the various business tools available for decision- making.

    ESSAY-TYPE QUESTION

    How do business intelligence and business analytics support decision-making?

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Expert Solution

Business Intelligence is defined as the technologies and the strategies used by the organisations which helps for the data analysis of the business information. The Business Intelligence technologies helps to provide current, historical and predictive views for the business operationd and working mechanisms of the organisations.

Business Analytics on the other hand talks about the technological practices and the skills which are used for the continuous iterative explorations and assess and evaluate the investigations for the past activities of the business performance to gain a relevant insight and drive the business planning for achieving the business sustainability.

Both the Business Analytics and Business Intelligence ensures the business to deliver real time information which is both effective and accurate and provides relevant information to the decision makers. These analytical tools helps the business to understand the information and take actions accordingly which is both quick and efficient for the business. By studying the various data imputs both from the external as well as internal environment of the business, both the BI and BA helps the organisation to take relevant decisions for the data integration, data management and data control making the organisation run in a sustainable manner.

keosha answered 8 months ago
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