Business Intelligence

1. Definition

1.1. Tools & Technique to analyze and visulaize past data

1.2. Transform data into actionable insights that inform an organization’s strategic and tactical business decisions via software

2. Sample uses of Business Intelligence

2.1. Political Parties

2.1.1. To model the influence of social media on election outcomes

2.2. Government

2.2.1. Analyze performance of public benefits programs

2.3. Defense

2.3.1. Manage maintenance and logistics during overseas deployments

2.4. Hospitals

2.4.1. Predict patient volume and resource utilization

3. Challenges of Business Intelligence

3.1. Lack of training & execution

3.2. Low utilization

3.3. High cost of maintenance of business intelligence installations & deployment

4. Benefits

4.1. Improved data quality

4.2. Improved employee satisfaction

4.3. Improved customer satisfaction

4.4. Increased competitive advantage

4.5. Better business decisions

5. Why should organization implement Business Intelligence?

5.1. Helps businesses and organizations ask and answer questions of their data

5.2. Can help companies make better decisions by showing present and historical data within their business context

5.3. Resource utilizations

5.4. Identify ways to increase profits

5.5. Spot market trends