Question

Students are required to write an assignment report on the topic of “Estimating Time, Budget and other Project Resoureces”. This assignment should be submitted individually by each student.

Note:

1. Your assignment must not exceed more than 1000 words including references and should not be less than 700 words in total.

2. Plagiarism: Assignment report must be submitted along with the similarity report and it should not be exceeded more than 10% at the time of submission.

Answer 1

Business Intelligence: The ideas, practices, technologies, the analysis made to understand ideas related to business whatever the information related to business which is useful to develop the business. The business intelligence won't get us by reading books or by surfing on the internet, it will get us when we think like a businessman in such a way that everyone should come us to ask us the suggestions and tips to improve their business. Another defnition is that our ideas which are meaningful or meaningless are converted in such a way that our idea gives a way to have a good business.

->Business Intelligence systems help not only for bigger malls but also useful for smaller enterprises and retail shops.

->Business Intelligence helps in finding market trends which creates problems are to be noticed by Business Intelligence.

->It helps in making our own decisions and also to solve case study problems very easily within a given time.

->These techniques not only used for business magnets but also some what a bit helpful for software engineer in maintaining Business Intelligence functionality. Some Benefits of Business Intelligence:

->It provides the responsibility to the owners who are running that particular organization not only the owner but also the employees present in that organization.

->It takes out all the critical problems by using some methodologies like benchmarking etc.. BenchMarking: It is a process of comparing one's business with the best business and best ideas with other companies. It also helps in estimating the effort required, schedule required to complete within time, staff required to complete the task.

->Using of Business intelligence techniques are much costly because the software designed to analyze those techniques is a bit complex to design.

->whatever the business small or medium or big it provides the same cost for routine small business transactions also.

->It will be much complex that it can make the exact business techniques.

->The time complexity for these systems is more and more because it takes more time may be 8 months or 10 months to develop.

->The main advantage is that these systems could not be accessible for all the type of businesses like small and medium but almost for big businesses. Some Trends in Business Intelligence:

1) Cloud Computing: Whatever the business the employees and also and managing director has to save the details of each and every employee who are working in their organization. They need to maintain how many businesses they took up and when they had started their services and where their organizations are situated. In order to maintain all these details they compulsorily need a cloud to save them or store them properly. If we have saved all those details in the system or laptop or in any computing device, there is no guarantee that our saved details will remain constant. Because if any short circuit or fire accident occurs in the office then the whole systems will be crashed in order to avoid these we must use the cloud server so we can access our data anytime and anywhere with the help of internet. It never shares or leaks the data stored in it. It gives complete protection to the data. It is the major use in trends of Business Intelligence

. 2) Artificial Intelligence: It is somewhat difficult to take up all the duties by a human or humans. So nowadays as technology is developing day by day some techniques including robots are made available in business sectors and also service sectors. Artificial Intelligence means that to do the things which makes the machine think like a human and without the intervention of a human. Once the instructions are given to a robot then automatically it continues its duty according to the instructions given in the form of coding. The main disadvantage is that we cannot predict that this loss will occur by this time and this system will crash by this time. So the robot not exactly knows that what to do at a particular situation which is not in the instructions given to the robot.

3) Security: It provides us security with a great firewall but it is very expensive. It saves our data by protecting and also disallows the unwanted modifications, threats etc It never shares one's details with another organization.

4) Collaboration: Collaboration tools and techniques are most commonly used here which includes social media like Facebook, Twitter, LinkedIn etc...for making advertisements to share the news and the things related to our organization. In order to increase the popularity and development of our success towards business we should let it know to the society so here these social media is very helpful. We can also provide the job opportunities through a notification in LinkedIn with some requirements so that eligible ones can apply for the job. These are the advantages and also the main Trends in Business Intelligence.