Business Intelligence Plan Essay - 9390 Words

Business Intelligence Plan Executive Summary The purpose of this report is to explain the importance of Business Intelligence and all of its components for implementation into the business structure. During the recent years obtaining useful information in real time has become something that is extremely important, if not even a critical, factor of success for companies. The time managers have available for use in making business decisions has been reduced dramatically. Competitive pressures are now requiring that businesses make intelligent decisions based on their incoming business data, and these decisions must be made immediately (Business Intelligence and Data Warehousing, 2005, p.5; Hocevar †¦show more content†¦This is an essential component of BI for arriving at valid business decisions. Similar data can be stored in multiple repositories within a single business; one example would be the inventory of items for sale. When considering data sources, it is important to understand if there is a recognized autho ritative source for a specific type of data. In many enterprises, the data required for making business decisions is created by wide ranging applications, perhaps from separate lines of business (Theme 1). BI systems today have the capacity to work with numerous types of data such as numerical or non-numerical data. The quality of this data is as important as any other data. The difference in the level of data quality is one of the many factors that may explain why some organizations are successful with their BI initiative while some are not so successful (Isik, O., Jones, M.C., Sidoroya, A. 2011). Component three is Data Analytics. This component is used for the analysis of data. Data analytics refers to the business intelligence technologies that are grounded for the most part in data mining and statistical analysis. Due to the success that has been achieved overall by the data mining and statistical analysis community, data analytics continues to be an active area of research (Hsinchun, Chiang, Storey, 2012). Data analytics are structured in statistical theories and models, multivariate statistical analysis. It also covers otherShow MoreRelatedBusiness Intelligence Plan1587 Words   |  7 PagesIntroduction The objective of this Business Intelligence (BI) plan is to encourage outsourcing and offshoring information security (IS) pursuits. The plan provides guidelines for successful implementation of IS systems intended to diminish security risks. The anticipated audiences of this BI plan are chief information officers (CIO) and chief information security officers (CISO). Senior management has an obligation to streamline information technology (IT) budgets, defend spending, and augmentRead MoreService Request Sr-Kf-013 Paper1124 Words   |  5 Pagessoftware required for the integration process of the program. Security, Ethical, and Legal Considerations Security considerations that need to be addressed are the use of tracking software that enables data storage. The software provides intelligence about buying patterns that are similar or even exact to the objectives of what Kudler’s new program supports. â€Å"By using tracking software, companies can track individuals’ movements on the Internet. 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Business intelligenceRead MoreRole Of Business Intelligence On Business Performance Management1324 Words   |  6 PagesYan shi, Xiangjun (June/2012), ‘The Role of Business Intelligence in Business Performance Management’, Volume 1(Issue 04) Summary: These paper focusses on how to apply analytics to business process and how BPM encompasses a closed loop set of processes that link strategy to execution in order to optimize business performance, which is achieved by setting goals and objectives and establishing initiatives and plans to achieve those goals and the last taking corrective action against the situationsRead MoreBusiness Intelligence ( Bi ) Is A Technology Based Procedure For Analysing Data And Giving Decision Based Information Essay1641 Words   |  7 PagesBusiness intelligence (BI) is a technology-based procedure for analysing data and giving decision based information to help corporate executives, business managers and other end users make more informed business decisions. BI comprises a variety of tools, applications and methodologies that enable organizations to collect data from different sources such as internal systems and external sources, prepare it for analysis, develop and run queries against the data, an d create reports, analytic dashboardsRead MoreThe Availability Of New Information Management And Supporting System Like Data Warehousing, Business Intelligence, Analytics, And1176 Words   |  5 Pagesmanagement and supporting system like Data Warehousing, Business Intelligence, Analytics, and/or Big Data has produced a remarkable moment in the history of data analysis. Researching on this topic is very interesting for me. Thank Professor Kraft that gives me opportunity to explore more on these topics. Taking this opportunity, I would like to provide a brief summary of the book that discuss about the Profitable Data Warehousing, Business Intelligence and Analytics. The book published by Technics Publications