Business Intelligence - is the tool to keep an organisation ahead of the rivals, make decisions based on information available within the organisation.
This information would be used in following Systems.- Datawarehousing & Data Mining
Using Historical data withing the organisation to a large extend to make anlytical decisions, A datawarehouse System is, Subject-Oriented, Integrated, Time-Variant, Non-volatile
Subject-Oriented: A data warehouse can be used to analyze a particular subject area. For example, "sales" can be a particular subject.
Integrated: A data warehouse integrates data from multiple data sources. For example, source Company A and source Company B may have different ways of identifying a product, but in a data warehouse, there will be only a single way of identifying a product as bouth the companies belong to same Parent Company.
Time-Variant: Historical data is kept in a data warehouse. For example, one can retrieve data from 3 months, 6 months, 12 months, 5 years, decades or even older data from a data warehouse.
Non-volatile: Once data is in the data warehouse, it will not change. No historical Data is updated. So, historical data in a data warehouse should never be altered.
- CRM - Customer Relationship Management.
Customer Relationship Management System is also a derivative of Data captured within the organisation.
It is used to study the customer Interaction with the organisation hence comes under the BI Umbrella.
- Campaign Management
Campaign Management too is a derivative of Data held within the Organisation. Used for running a campaign of product within the organisation. Mostly by the Sales and Marketing Teams.
How do you keep an organisation ahead of the rivals using BI?
ReplyDeleteAnto thanks for your comment.
ReplyDeleteI have just posted another article - BI a tool to keep ahead of the rivals
http://biauthority.blogspot.co.uk/2012/04/bi-tool-to-keep-ahead-of-rivals.html
Would be glad to answer and help any questions and queries in area of BI.