Business Intelligence
Business Intelligence mainly refers to computer based techniques used in identifying extracting and analyzing business data such as sales revenue by products or department or by associated costs and increases.
Business intelligence systems combine o
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Business Intelligence mainly refers to computer based techniques used in identifying extracting and analyzing business data such as sales revenue by products or department or by associated costs and increases.
Business intelligence systems combine operational data with analytical tools to present complex and competitive information to planners and decision makers.
Key Performance Indicators help an organization define and measure progress toward organizational goals
The objective is to improve the timeliness and quality of inputs to the decision process.
Business Intelligence is used to understand
the capabilities available in the firm;
the state of the art, trends, and future directions in the markets, the technologies
the regulatory environment in which the firm competes
the actions of competitors and the implications of these actions
Process:
Identify the Key Performance Indicators
Data Mining
Analysis of the data
Presentation
Advantages Of Business Intelligence:
Competitive and location analysis
Customer behavior analysis
Targeted marketing and sales strategies
Business scenarios and forecasting
Business service management
Business planning and operation optimization
Financial management and compliance
