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Knowledge Management and Business Intelligence - Assignment Example

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The objective of the report “Knowledge Management and Business Intelligence” is to understand the importance of Knowledge Management Systems in an organization and the process of achieving it through the applications of Business Intelligence solutions…
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Knowledge Management and Business Intelligence
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Download file to see previous pages As a function of these carryovers, the stakeholders within the firm, both leadership and line employees, find it difficult to exercise the full potential that the brand could integrate with the end consumer. Moreover, the loss of efficiency has effects on the net level of profitability and the level of competition the firm can integrate within the market. 2.1 Challenges (need review) Currently, Solent Sport suffers from a range of issues; the majority of these problems can be fixed by the proper use and application of BI. Firstly and most importantly, the firm must seek to perform a thorough review of what is currently working and what needs improvement. In this way, the following discussion will centre upon the way that the can maximize its potential by the correct application of BI within its component parts. As such, a cursory review of the firm lends the analyst to understand the technological systems that manage business interaction are both antiquated and serving to constrain the level of analytical inferences that could be drawn from more updated packages that are currently on the market. Moreover, a business level analysis of the firm lends the researcher to understand that the technological shortcomings are only one small part of what hampers the business prospects. (6)Communication issue - A far greater issue lies in the fact that the means of communication have been cut between employees, middle management, and upper level management. As a function of this, the means by which informed decisions can be made have been greatly reduced. As the analysis of the key determinants has shown, BI can greatly facilitate the business process and create a synergy that would otherwise...
 Currently, Solent Sport suffers from a range of issues; the majority of these problems can be fixed by the proper use and application of BI.  Firstly and most importantly, the firm must seek to perform a thorough review of what is currently working and what needs improvement. In this way, the following discussion will centre upon the way that the can maximize its potential by the correct application of BI within its component parts.
 As such, a cursory review of the firm lends the analyst to understand the technological systems that manage business interaction are both antiquated and serving to constrain the level of analytical inferences that could be drawn from more updated packages that are currently on the market.
 Moreover, a business level analysis of the firm lends the researcher to understand that the technological shortcomings are only one small part of what hampers the business prospects.
(6)Communication issue - A far greater issue lies in the fact that the means of communication have been cut between employees, middle management, and upper level management.  As a function of this, the means by which informed decisions can be made have been greatly reduced. As the analysis of the key determinants has shown, BI can greatly facilitate the business process and create a synergy that would otherwise not be realized.
Moreover, seeking to perform shock changes to such a system without speaking to these needs first will most certainly result in only a nominal or partial degree of overall success.  ...Download file to see next pagesRead More
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