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Business Intelligence Essay

1492 words - 6 pages

In this report we will address what business intelligence systems and software is and how it can help our business as well as what kind of information and data analysis capabilities are provided through the various reporting methods. We will also determine what hardware and system software would be required in order to run this application. In addition, we will evaluate some of the major vendors of business intelligence systems software and their products.The acquisition of a business intelligence system would greatly any business in its capacity and innovation. Business intelligence systems will enable management and employees to maximize their ability to utilize, share and leverage raw data pertaining to the company operations across the organization in an integrated and analytical manner resulting in the incrimination of opportunities for a competitive advantage. Business intelligence systems and software are an integration of applications and technologies designed to improve the operations, efficiency and create a competitive advantage of business' through the full utilization and analysis of organizational data and information. Through the analysis of an organization's data, business intelligence systems will aid the organization by creating a total understanding and knowledge of its business operations.This system will give the organization ability to grow and compete with the utilization of data pertaining to sales, production, employees, internal operations such identifying changes in trends, performance, company projects, market share, sales, customer behavior, as well as customer spending patterns, preferences, and market conditions.a)A data warehouse is the main location for an organization's complete available historical data, its foundation for organizational knowledge. The data warehouse contains an organization's data which is essentially the input of raw materials for management decisions (Inmon, W.H. Tech Topic: What is a Data Warehouse? Prism Solutions, Volume 1. 1995).b)Data mining is the complex search action of large quantities and volumes of organizational data using various tools to identify and extract relevant information and patterns (The Data Mining Group (DMG). The DMG is an independent, vendor led group which develops data mining standards, such as the Predictive Model Markup Language (PMML).Business intelligence software provides the ability to integrate and incorporate data mining, analysis, and reporting to aid in managerial decision making, improve all organizational abilities and production, identify opportunities and create competitive advantages.Hardware and System Software RequirementsIn order to run business intelligence systems and software, an organization would need certain infrastructure. Therefore, in order to run an effective and full business intelligence system, an organization would need internal, external hardware, system software, primarily an operating system, business intelligence software, and...

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