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Transcript of Business Intelligence
Reduce information bottlenecks
Make data actionable
The term Business Intelligence was originally first phrased by Richard Millar Devens from 1958.
In 1989 Howard Dresner, later a Gartner Group analyst, popularized BI as an umbrella term to describe a set of concepts and methods to improve business decision-making.
Steps & goals of BI process
: this piece of the BI process gives managers the metrics to measure and evaluate business performance.
this is where the bulk of BI's processing, including data mining, modeling and statistical analysis occurs
Benefits of Business Intelligence
Business Intelligence is:
practices used to support decision making
here data sharing and data interchange occurs; business segments work together to share knowledge and process the results of the BI output.
this is the true, real-world application of Business Intelligence.
what is Business Intelligence (BI).
History of BI.
Benefits and disadvantages of BI.
4-Strategic thinking and problem solving
Disadvantages of BI
Time Consuming Implementation
Piling of Historical Data.
Knowledge is power, as the saying goes. There is no power at all when that knowledge is sitting in piles, confusing all who try to use it. BI takes this knowledge and makes it usable.
Thank you all for listening