Business Intelligence Plan

9406 words 38 pages
Show More
Business Intelligence Plan

Executive Summary
The purpose of this report is to explain the importance of Business Intelligence and all of its components for implementation into the business structure. During the recent years obtaining useful information in real time has become something that is extremely important, if not even a critical, factor of success for companies. The time managers have available for use in making business decisions has been reduced dramatically. Competitive pressures are now requiring that businesses make intelligent decisions based on their incoming business data, and these decisions must be made immediately (Business Intelligence and Data Warehousing, 2005, p.5; Hocevar & …show more content…

Also, in order to create a Business Intelligence environment you would need to build an analytical data warehouse for managers. In many institutions, the most important decision metrics are calculated based on information obtained from numerous systems (Mircea & Andreescu, 2009).
An industry that could and probably does benefit from the application of business intelligence would be Industrial-Organizational (I/O) Psychology. Psychological research is riddled with data that is essential to the outcome of the research being done. Data analytics and data quality is essential to research. In doing research there is much value that can be derived from the use of business intelligence. Because one of the components is data analytics this adds direct value to the research. Research is a compilation of data that is used for validating theories. Industrial-organizational psychologists help companies bring about compliance and raise employees’ productivity in the workplace. They will also focus on the operation and design of organizations (Feldman, 2013).
The scientific method in psychology require that the approach used by psychologists to systematically acquire knowledge and understanding about behavior and other phenomena of interest is done in a way that can be explained, seen, and proven with more accuracy (Feldman, 2013).
The potential value that could

Related

  • Competitive Intelligence
    3587 words | 15 pages

    The course lecturer will have argued that “strategy without intelligence isn’t strategy, its guessing”. Some managers however take the view that a competitive strategy that is rigorously developed around a strong set of product/service offerings, regardless of rivals intentions, plans, and actions, will, in any event, ‘win the day’. Your task is to defend, through evidence and argument one of these two (or alternative) views. 1. Introduction In the 1960s and 1970s, firms across the world faced….

    Show More
  • Business Intelligence
    904 words | 4 pages

    Business intelligence (BI) processes monitor and analyze business transaction processes to ensure that they are optimized to meet the business goals of the organization. These goals may be operational goals that affect daily business operations, tactical goals that involve short-term programs such as marketing campaigns, or strategic goals that entail long-term objectives like increasing revenues and reducing costs. This is a kind of predictive analytics which helps to give idea about most critical….

    Show More
  • Individual Action Plan Leadership
    2966 words | 12 pages

    HP | Individual Action Plan | Change Through Direct Action | | Na | 12/12/2011 | Managing People STATEMENT of OBJECTIVE: The intention of the following individual action plan is to recognize my leadership strengths and identify areas where I am able to further develop and strengthen my leadership qualities. The challenge within the action plan is to be cognizant of my strengths and weaknesses within the context of my professional and personal life allowing for me to constructively….

    Show More
  • Executive Summary: CATSA
    2801 words | 12 pages

    Authority (CATSA) maintains 3 critical issues. These issues are processing inefficiency, lack of communication between the departments, and insufficient planning. Mark Duncan has been given the task to fix these critical issues. Mark plans to use business intelligence (BI) system to help with these critical issues. Ideally a BI system should help analyze data by department, record important information, and help forecast traffic for future periods. Although a BI system will definitely help them….

    Show More
  • Decision Support and Business Intelligence Systems 9th Edition Ch1&2 Exercise
    5929 words | 24 pages

    Decision Support and Business Intelligence Systems, 9th Edition Decision Support System - HW #1 - Chapter 1. Exercise 2 & 3 Chapter 1. Internet Exercise 4 & 8 Chapter 2. Exercise 5 & 9 Chapter 2. Exercise 3 & 4 < Chap 1. Exercises 2 > Enter the TUN site and select “cases, projects and assignments.” Then select the case study: “Harrah’s High Payoff from Customer Information.” Answer the following questions about this case: a. What information does the data mining generate….

    Show More
  • Leadership Development Report
    2563 words | 11 pages

    Chosen Model The purpose of this report is to review my leadership competencies through the theories and models explored. A leadership development plan will be created to assist myself; a young female adult who is entering the family based engineering business, taking up the role of sales manager. The Leadership Competency Model, developed by the Central Michigan University (CMU Model), will be used as a guiding principal. The model is made up of the aspects, namely, self-management; leading others….

    Show More
  • Competition in Healthcare Hca421
    925 words | 4 pages

    always have a proactive plan and strategy for staying ahead of your competition. Competitive intelligence is a process of giving you insights into what might happen in the near future. Competitive intelligence pulls together data and information from a very large and strategic view, allowing you to predict or forecast what is going to happen. This in turn allows you to effectively strategize in relation to your competitive environment. Therefore, competitive intelligence allows you to remain competitive….

    Show More
  • Working in Business Portfolio
    2175 words | 9 pages

    Working In Business Portfolio Context Introduction p3 Section 1 – Intrapersonal effectiveness p4-5 Section 2 – Interpersonal effectiveness p6-7 Section 3 – organisational effectiveness p8-9 Conclusion p10 References p11 Introduction In working in business subject BSB 124, it aim to develop an understanding of the skills require to work effectively in a professional business environment….

    Show More
  • Sas Institute Term Paper
    4375 words | 18 pages

    Executive Summary: SAS is a recognized company that creates business analyst software for all types of businesses. The acronym SAS stands for “statistical analysis system.” It was created at North Carolina State University as a project to analyze agricultural research. SAS’s founder decided to transform this research project into a viable company of its own, where he could provide business consulting services to large and small businesses alike. Shortly after becoming a company they were able to….

    Show More
  • Summary and Evaluation: Continental Airlines Flies High with Real-Time Business Intelligence
    1023 words | 5 pages

    Bureau so that there would be less human interference. Strategic and tactical decision support must be carefully managed to successfully co-exist, the settings are being prioritize based on their levels. The "Time Machine" must be managed according to business needs, Continental's tracking of flights become effective in tracking arrival and departure since they updates their data regularly. Storing the enterprise warehouse data in 3rd normal form supports and encourages enterprise-wide use, data redundancies….

    Show More

Popular Essays