Nobody downloaded yet

Business Intelligence - Research Paper Example

Comments (0) Cite this document
Summary
This paper discusses business intelligence refers to the process of analyzing huge organizational data stored in databases, tracking the performance of the business, identifying business trends and patterns, and helping users of business enterprise to make better decisions…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.8% of users find it useful
Business Intelligence
Read TextPreview

Extract of sample
"Business Intelligence"

Download file to see previous pages In recent times, organizations around the world are adopting different forms of BI as vehicles for attaining the competitive advantage over their market niche. This is particularly so in restaurant chains, health facilities, and resorts such as Exclusive Resorts and Marshfield Clinic. Such businesses use the BI systems in making tactical decisions concerning their businesses, such as the introduction of new product and services, removal of underperforming services and products, and identification of opportunities to improve inefficient processes. One of the most important components of BI is business analytics, an essential factor that determines the success capability of a business (Electrosmart, 2012). The analysis of the case study of Marshfield Clinic and Exclusive Resort provides four important lessons for companies wishing to adopt BI systems into their organizations: have a clear vision, good communication skills of employees, cooperative employees, and dedicated resources (TDWI, 2011). Considering the cases of Exclusive Resorts and Marshfield Clinic, evidently, a company needs to have a clear vision of its perceived needs for the BI process. ...
Despite the difference in the platform application, Exclusive Resort had a similar problem with multiple, disconnected, and inflexible technology that increased the cost of operation and difficulty in operation resulting from the expansion of the company’s business. According to the case study, Exclusive Resort actually had to purchase additional software to produce reports needed by the stakeholders and decision makers. The company embarked on the search for an Enterprise Resource Planning system that would integrate the existing technology and promote the competitiveness and quality of member services while encouraging the growth members (Microsoft, 2011). The two companies had a clear understanding of the functionality and provision of the BI systems, as well as a clear expression from the different business departments on the types of the decision expected from BI system. Another emergent issue from the two case studies was the importance of communication skills among the employees of the two companies. At Marshfield Clinic, the associate chief medical information officer Mike Cummins was quick to identify that the problem was not a patient-care data system, but an analytical tool that would enhance effective and efficient real-time decision-making by physicians. Having such an employee with good communication skills enabled the company to identify the real problem with its data collection system. The senior vice president of technology at Exclusive Resorts was also able to communicate the problem they had with their previous system, enabling the experts from Microsoft to design a solution that suits their needs.   ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business Intelligence Research Paper Example | Topics and Well Written Essays - 1000 words”, n.d.)
Business Intelligence Research Paper Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/business/1446064-lessons-to-be-learned-from-the-clinic-and-resort
(Business Intelligence Research Paper Example | Topics and Well Written Essays - 1000 Words)
Business Intelligence Research Paper Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/business/1446064-lessons-to-be-learned-from-the-clinic-and-resort.
“Business Intelligence Research Paper Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/business/1446064-lessons-to-be-learned-from-the-clinic-and-resort.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Business Intelligence
...? Business Intelligence Tool Business Intelligence Tool The challenging needs of the current times compel the organizations to adapt innovative and latest technologies for the development of their business and attainment of competitive advantages in the market. Business intelligence is one of such technologies; it refers to computer based techniques that are used to identify and extract patterns from business data to facilitate decision making and formulation of effective strategies. Power (2007) stated that business intelligence is also referred to as decision support...
2 Pages(500 words)Research Paper
Business Intelligence
...?Business IntelligenceBusiness Intelligence Data mining is an important process in every business initiative and to the entire organization process. The importance of data mining is its capacity to realize legitimate, novel, ultimately important and completely comprehensible trends in data preserved in the databases especially the structured ones. Business intelligence incorporates the tools as well as the systems which perform vital functions in the strategic reorganizational processes of the company. The systems in the business intelligence enable the corporation to collect, saves, view and evaluate to assist in the process of decision making. The systems are diverse and highlight every perspective of the business... such as the...
6 Pages(1500 words)Essay
Business Intelligence
...Topic: How should a company measure the success of its business intelligence Gone are the days when successful businesses were recognised merely on the basis of the profits earned or the dividend declared to the shareholders. In today's competitive global business scenario, information is supreme. Any business house that has had a record of windfall profits and success knows how and where its competitors stand. With business, howsoever small or big going digital, information is accessible at the click of a button: information that could be intelligently used to further one's own interests or glean vital facts that could...
6 Pages(1500 words)Essay
Business Intelligence
...Business Intelligence Case study 1- Vodafone NZ Ans 1. Challenges for Vodafone NZ emerged majorly from technical front which is the driver of sustenance and growth in telecommunications sector. While new technologies had made the existing ones obsolete, emergence of new rivals raised brows of worries for Vodafone NZ. Moreover, retaining the customer base by devising new streams of revenues while complying with the existing government norms and coming up with broad line strategies were some other challenges to be confronted. Ans 2. The fact that access to data is enough to affect organizational performance was given special attention by Vodafone NZ. As a result of this philosophy, Vodafone resorted to...
2 Pages(500 words)Article
Business intelligence
...Business Intelligence and Decision Support Business intelligence (BI) refers to a collection of technology and information systems that enable managers to make strategic, operational and tactical decisions. Various processes are carried out in order to achieve business intelligence. In this way, required or useful information is available to the managers in a timely manner. The table below is a representation of such processes and technologies. Process Technology Production of data TPS - This is handled by inputting data into transaction processing systems. Extraction of data from transaction processing systems (TPS) Data mining-...
1 Pages(250 words)Essay
Business Intelligence
...Business Intelligence Business Intelligence An effective company such as TESCO incorporates BI for intelligence provision pertaining to their environment in order to improve its organizational decision making and possibly respond to identified developments in a timelier manner, which is necessary and vital to its success so as to swiftly and efficiently remedy the current situation it is in. A research conducted by Bain & Company estimates that only 15% of companies have an organization that helps them have a good competitive advantage. The main factor which separates the winners from the losers is the ability to make the most important decisions in a flawless manner —and then make sure they materialize. The main thing here... discrepancy...
12 Pages(3000 words)Essay
Business intelligence
...Business intelligence Memo Business intelligence memo Human Resource Department FROM: Martin Sommer, Managing Director. Subject Re: The emergence of digital business strategy I want to bring to your attention that in this article, the authors highlight how the emergence of digital business strategy has transformed businesses in the world. The author asserts that the organization must align its business IT with the chosen business strategy in order to avoid making unnecessary losses. It is significant to note that both established and...
1 Pages(250 words)Essay
Business Intelligence
...Business Intelligence al Affiliation Introduction Business intelligence (BI) refers to the organizational competence to blend in data from the across the business and transform it into knowledge. This accumulated knowledge is then used to develop fresh opportunities towards the attainment of a competitive advantage. The implementation of BI platforms enables enterprises to develop BI applications through the provision of capabilities categorized as online analytical processing (OLAP); platform integration such as BI metadata development and management environment; and information delivery. This paper compares and contrasts IBM and Tableau...
5 Pages(1250 words)Research Paper
Business Intelligence
...Business Intelligence and Analytics Overview about principles and techniques of Business Intelligence & Analytics (BIA) Business Intelligence is a concept that allows a business to gather and convert raw data related to both the internal and external operations of the business, into usable information for business decision-making purposes (Ranjan, 2009:65). The main applications of the business intelligence techniques relates to the analysis of data regarding the business internal operations and functions, its customers and also its...
4 Pages(1000 words)Essay
Business Intelligence
...Business Intelligence Table of Contents Introduction 3 Managing Business Intelligence 3 Challenges of Developing Dashboards 5 Benefits of Organizations from Business Intelligence 7 Specific Recommendations 8 Conclusion 10 References 11 Introduction With the diversified changes observed within the present complex business environment, a certain degree of shift in the communication mechanism followed has also become apparent. In order to deal with these complexities, effective data management and compliance with the needs of strategic development in lieu of the diverse needs of businesses have become...
8 Pages(2000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Research Paper on topic Business Intelligence for FREE!
Contact Us