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An in-depth exploration of Business Intelligence (BI), its importance in making informed business decisions, and its various applications. the definition, key features, and benefits of BI, as well as its capabilities and technology advantages. It also discusses the different ways BI can be used in business, including performance metrics, analytics, reporting, collaboration, and knowledge management.
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Typology: Quizzes
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Objectives: At the end of the topics, the students are able to:
Business Intelligence Applications Business intelligence can be applied to the following business purposes: Performance metrics and benchmarking inform business leaders of progress towards business goals (business process management). Analytics quantify processes for a business to arrive at optimal decisions, and to perform business knowledge discovery. Analytics may variously involve data mining, process mining, statistical analysis, predictive analytics, predictive modeling, business process modeling, data lineage, complex event processing, and prescriptive analytics. Business reporting can use BI data to inform strategy. Business reporting may involve dashboards, data visualization, executive information system, and/or OLAP BI can facilitate collaboration both inside and outside the business by enabling data sharing and electronic data interchange Knowledge management is concerned with the creation, distribution, use, and management of business intelligence, and of business knowledge in general. Knowledge management leads to learning management and regulatory compliance.
