What process do you think needs to be modernized or updated

Assignment Help Business Management

Reference no: EM133849824

Assignment: Data Analytics

Want to make informed, strategic, business decisions? If so, you can use Business Intelligence (BI) tools to help you derive insights from information collected. BI refers to the act of analyzing and processing big data before transferring it into knowledge to help businesses make well-informed decisions. BI tools are comprised of data frameworks, business models, and ETL (extract, transform, and load) tools to gather and group data to extract it for the purpose of gaining insights. The best BI tools are being used to analyze, process, accumulate, visualize, and predict business information to generate interactive dashboards and reports to help organize decision-making procedures. Some examples of BI tools include:

1) Power BI
2) Metabase
3) Domo
4) Google Data Studio
5) ETL Solutions
6) SiSiense
7) Tableau
8) SPSS Neural Network
9) Spotfire

Instructions

Research two BI tools from the list above that you think would be useful to modernize a process within your field of interest. Please cite and use two outside sources that are dated within the last two years.

Answer the questions below in a Word document:

1. Consider your current workplace or somewhere you have worked in the past. What process do you think needs to be modernized or updated? Which tool would be instrumental to enhance the process and yield a competitive advantage?

2. You have been researching business retention and expansion issues for E-City. How would the BI tools you researched help turn the data collected into information that can help in the strategic decision-making process?

3. You decide to encourage E-City's chamber of commerce to purchase a BI tool to help with business retention and expansion issues. Describe three advantages of BI tools to persuade the chamber members to buy into purchasing the technology.

Reference no: EM133849824

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