Question
In: Computer Science
Briefly explain, and illustrate using an example, your understanding of the term “business intelligence.”
Briefly explain, and illustrate using an example, your understanding of the term “business intelligence.”
Solutions
Expert Solution
BUSINESS INTELLIGENCE
Business analysis is a type of analysis that refers to the business model , business technology , business applications and integration about business information. It is completely set up of business process architecture , technology and stratergy that drive profitable and healthy business.
It is a collection of services that transform your services into actionable knowledge and intelligence. Business intelligence has some points or words that keep in mind such as - profit/loss , Assets , liabilities , business repport file , data analysis , dashboards , maps and graphs that provide to the customer/clients with detailed knowledge in a simple way.
Example-
Suppose a bank founder provide a bank manager of each and every branch to access full detailed report by business intelligence tool. It helps to manager to examine that which customer is most profitable for us. It also helps to improve the growth.
By the use of Business tools we can frees Information Technology staff from the task of provide analytical report for our department and organisation. It also provide authority to our department team to access the important database.
IMPORTANCE OF BUSINESS INTELLIGENCE
- Business Intelligence provide confidentiality , measurement and helps to identify the problems. without using business intelligence tool in your business is a dumb organisation.
- It hepls to enhance the quality of data and visualization of data that helps to take the quality of decision.
- We can easily identify the market trend by using Business Intelligence tool.
HOPE YOU LIKE IT.
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