Core functions of business intelligence

Assignment Help Operation Management
Reference no: EM131433435

Three core functions of Business Intelligence (BI) are query, reporting, and analytics. Queries are one way to access a particular view of the data or to analyze what is happening or has happened. For operational BI, data is typically accessed or distributed via reports. Data mining and predictive analytic tools are used to find relationships that are hidden or not obvious, or to predict what is going to happen. For instance, data mining can identify correlations, such as which factors--a prospect’s income, education, age, last purchase amount, and so forth--were most closely related to a successful response in a marketing campaign.

Some data mining, predictive analytics and other analytical tools can be used directly by users, but some are too complex for them to understand and use. Knowing how to interpret and act on the results of queries, reports, or analytics depends on human expertise.

QUESTION: Discuss Business Intelligence (BI) flaws that contribute to BI failure.

Reference no: EM131433435

Questions Cloud

What is emotions and moods : What is emotions and moods? How do emotions and moods influence behavior in organizations?
Decontamination and victim chain of survival : For this assignment, you are required to read the article entitled "HazMat Emergencies: Decontamination and Victim Chain of Survival," by Gunderson, Helikson, and Heffner (2014), and write a review. The article may be found in the Academic Search ..
What have real countries done to deliberately influence : Imagine you are the Head of State for a country and must prepare a presentation regarding the cultural significance of the country. The country is about the size and geography of Texas and it has a border with the ocean and another with a country ..
Whats the total profit of the batteries after replacement : The marketing and production managers of a new car battery are planning to start a new advertising campaign. The most important message of the advertising is the lenght of the guarantee of battery life. The manager know that the life of the battery i..
Core functions of business intelligence : Three core functions of Business Intelligence (BI) are query, reporting, and analytics. Queries are one way to access a particular view of the data or to analyze what is happening or has happened. For operational BI, data is typically accessed or dis..
Take a moment to compare the strengths and weakness : Paper Details As we have seen through our readings, governments differ on where the power of the state should be held. Unitary systems concentrate the power within the central government and little or no authority is granted to the component areas..
Organizational learning and creativity play : How does organizational learning and creativity play in helping managers to improve their decisions?
Who evidenced dependence by an inability to stop drinking : BEHS 364- Who evidenced dependence by an inability to stop drinking once started? Who had an inability to refrain from starting to drink? Who practiced controlled drinking?
Achieving the organization strategy : Articulate a human resource function or process within the selected global organization. Analyze the influences the selected HR function or process has on achieving the organization's strategy. Does the function or process align with the organizati..

Reviews

Write a Review

Operation Management Questions & Answers

  What processes needed in order to shape alternative design

What processes are needed in order to shape alternative design strategies for a system?

  Positive experience-exposure to upper management

Having had a positive experience I am sure you can attest to the benefits of team work. As the team works together to reach its goal - do you think that a single member of that team can stand out? In other words - can a team member have individual go..

  Discuss some forecasting issues

Discuss some forecasting issues that you encounter in your daily life. How do you make your forecasts? Are your forecasts accurate? What improvements can you make in the forecasting process. Be specific

  Effective leaders are most likely

Effective leaders are most likely to:

  Divide the business into more manageable working units

Companies use departmentalization to divide the business into more manageable working units. Each departmentalization option has both distinct advantages and disadvantages. The examples below describe some disadvantages. Match each statement with the..

  What is your perspective on this statement

Some people may argue that labor unions are no longer needed, as there are enough laws to protect workers. What is your perspective on this statement?

  Affected laws for establishing accountability and liability

How have information systems affected laws for establishing accountability, liability, and the quality of everyday life?

  Develop a gross requirements plan for item c

Given the product structure, master production schedule, and inventory status in Figure on the next page and assuming the requirements for each BOM item is 1: Develop a gross requirements plan for Item C

  Develop behaviorally anchored rating scale

Consider a summer job that you have held. Write a detailed job description for that job. Then, develop a behaviorally anchored rating scale (BARS) that can be used to evaluate an individual who performs that job in the future.

  How much to order and find the optimum ordering quantity

The annual demand for a product is 15,600 units. The weekly demand is 300 units with a standard deviation of 90 units. The cost to place an order is $31.20, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0..

  Identify the key skills and ideas needed from the training

Before the Employee TrainingIn a Mid-Western university, the Director of Human Resource Development (HRD) created a new employee training series for supervisory staff members. She began the needs assessment process with focus groups that included bot..

  Further improve the hotel chains fairness

Based on what you learned in this chapter, write a short (less than one page) explanation Lisa can use to sell to top management the need to further improve the hotel chain’s fairness and justice processes.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd