Question

Data, information, business intelligence (BI), and decision making are very correlated concepts. Discuss this correlation and provide an example based on the business sector to support your discussion.

Answer 1

Ans: The correlation between data, information, business intelligence (BI), and decision making

• Data quality remains emphatically linked through information attributes.
• Information attribute negotiates a significant relationship linking data quality including the variety regarding managerial decision making.
• BI control is liable for the devising, enactment, including administration from both individual ‘data stage’ moreover the ‘information stage’ concerning BI.
• BI authority feature is emphatically associated with the data attributes.
• Information quality is arbitrarily correlated specifically to the quality of top management decisiveness planning.
• Data remains commonly related to the laws that are managed also collected, but simply state objects if prepared also communicated process that continues to the awareness about the target, i.e. information remains connection-explicit.
• BI implements crucial attribute awareness concerning top management decisiveness planning.

For e.g. Some associations may concentrate their BI purposes toward each data scaffold furthermore practice simplistic nonexclusive describing intermediaries before-mentioned similar spreadsheets to sustain the information grade since others would possess strengthened cultured outlining also interpretation support.